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Limited Warranty

   Also found in: Acronyms 0.02 sec.
Limited warranty
A warranty with certain conditions and limitations on the parts covered, type of damage covered, and/or time period for which the agreement is good.

Limited Warranty
An agreement between a seller and a buyer in which the seller agrees to pay for damage to a good under certain conditions. For example, the limited warranty may only cover certain types of damage and/or damages up to a certain amount. For example, if one buys a computer with a limited warranty, the seller may refuse to pay for damages from water or deliberate abuse. See also: Unlimited warranty.


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A three-year, bumper to bumper residential use limited warranty or a one-year commercial use limited warranty is standard.
Gaumer offers a two-year limited warranty against moisture penetration.
All three units come with a 10-year limited warranty.
 
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