warranty


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Related to warranty: Warranty deed, Express warranty

Warranty

A guarantee by a seller to a buyer that if a product requires repair or remedy of a problem within a certain period after its purchase, the seller will repair the problem at no cost to the buyer.

Warranty

A guarantee that the manufacturer of a product will repair damage or defects for free for a certain period of time. For example, a computer often comes with a warranty for a year. If the computer breaks in the first year of ownership, the manufacturer will repair or replace it without cost to the computer owner. Most warranties are limited warranties, meaning that there is a maximum amount the manufacturer will pay for repairs and/or that certain damage is not covered by the warranty. For example, a warranty on a computer generally does not cover water damage. Some warranties come with a product while others are purchased separately. Often, one may purchase an unlimited warranty, which has no constraints, or an extended warranty, which has a longer expiry, in addition to the ordinary warranty.

warranty

see GUARANTEE.

warranty

see QUALITY.

warranty

An express or implied promise arising out of a contract or a transfer of interests in real estate.An express warranty would be a manufacturer's warranty that an appliance will be defect free for 12 months. The “warranty of fitness for a particular use and purpose” is an implied warranty, imposed by the law,that a product will be safe if used in the manner in which it is intended.The contents of written warranties on consumer products are covered by the federal Magnusson-Moss Act, passed in 1975.It includes goods attached to or installed on real property. See alsowarranty deed.

References in periodicals archive ?
"We are thrilled to be a part of the RE/MAX Approved Supplier Program," said Trae Sterling, National Sales Director at Choice Home Warranty. "Your local Choice Home Warranty Representative is working with RE/MAX to spread the word about the tech-enabled solutions we have to make homeownership more affordable."
The only exception to this is when you take out an insurance-backed warranty.
MYTH-BUSTING THE other common thing I hear from consumers is that a retailer has told them "sorry, there's nothing we can do about the goods being faulty, as you are out of warranty".
We strongly recommend that a prospective buyer read the warranty carefully to determine what is covered and what her or his obligations are.
HomeWarrantyReviews.com was established back in 2006 to provide home warranty customers with a comprehensive platform for home warranty research.
For example, a warranty regarding deductible on stock of process is seen in one form.
The presence of a warning label may deter the untrained from tinkering, thus saving manufacturers from performing expensive and unnecessary repairs under warranty.
* Our previous warranties stated that the warranty does not apply if the product is used with a peripheral that is not supplied or licensed by SIE.
Outside of the contractor's warranty period, it's only the materials that are covered.
Summary: New Delhi [India], Jan 27 (ANI): Extended warranties are a way of offering additional protection for expensive purchases, and come into effect after the expiration of the manufacturer's warranty. With gadgets and technology products becoming a backbone of our daily life, extended warranties are becoming a norm for the consumers.
I AM often asked: "What is the difference between a warranty and a guarantee?" Here is the lowdown on what you need to know.
The question of whether a home warranty (1) contract is a wise financial decision for the typical homeowner is a debatable one in the realm of personal finance.