From Dictionary Warranty Definition–noun | 1. | an act or an instance of warranting; assurance; authorization; warrant. | | 2. | Law. | a. | a stipulation, explicit or implied, in assurance of some particular in connection with a contract, as of sale: an express warranty of the quality of goods. | | b. | Also called covenant of warranty. a covenant in a deed to land by which the party conveying assures the grantee that he or she will enjoy the premises free from interference by any person claiming under a superior title. Compare quitclaim deed, warranty deed. | | c. | (in the law of insurance) a statement or promise, made by the party insured, and included as an essential part of the contract, falsity or nonfulfillment of which renders the policy void. | | d. | a judicial document, as a warrant or writ. | | | 3. | a written guarantee given to the purchaser of a new appliance, automobile, or other item by the manufacturer or dealer, usually specifying that the manufacturer will make any repairs
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or replace defective parts free of charge for a stated period of time. | –verb (used with object) | 4. | to provide a manufacturer's or dealer's warranty for: The automaker warranties its new cars against exterior rust. | |
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Related topics from BritannicaBusiness and Industry Review The performance of the automobile industry in 1997 very much mirrored the economic performance of the different regions of the world. In the United States a stable economy produced vehicle sales ...
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