caveat emptor Hear it!

caveat emptor Definition

caveat emp·tor (emp′tôr′)

let the buyer beware (i.e., one buys at one's own risk)

Etymology: L

caveat emptor Finance Definition

A Latin term that means “let the buyer beware.” It is typically used in reference to consumer transactions.

caveat emptor Law Definition

n

Latin

Let the buyer beware. The legal principle that, unless the quality of a product is guaranteed in a warranty, the buyer purchases the product as it is and cannot hold another liable for any defects. Statutes and court decisions concerning products liability and implied warranties have substantially altered this rule.