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Limited Warranty |
Also found in: Acronyms | 0.02 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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