Caveat Emptor Definition

ĕmptôr

noun

The axiom or principle in commerce that the buyer alone is responsible for assessing the quality of a purchase before buying.

American Heritage

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.

Webster's New World Law

phrase

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

Webster's New World

Origin of Caveat Emptor

From Latin caveat ēmptor let the buyer beware caveat third person sing. present subjunctive of cavēre to beware ēmptor buyer

From American Heritage Dictionary of the English Language, 5th Edition
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From Webster's New World College Dictionary, 5th Edition