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Related to as is: ASOS
Describing the sale of an asset in which the seller gives no guarantee on the quality of the asset and makes no repairs that may be necessary. An "as is" sale transfers all risk to the buyer. This may result in a lower price. Even so, it is often advantageous to the buyer only if he/she intended to make repairs or renovations anyway. The term is used frequently in real estate.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
as isIn its current condition without any guarantees by the seller.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.