warranty
noun
, ˈwär-\
Definition of warranty
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Synonyms for warranty
Synonyms
bond, contract, covenant, deal, guarantee, guaranty, surety
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Examples of warranty in a Sentence
Recent Examples on the Web
Repairs at these shops, though, will be limited to iPhones already out of warranty. — SFChronicle.com, "France, US work on digital tax; more choices for iPhone repairs," 29 Aug. 2019 Even more, the company is offering a lifetime warranty on the product. — Rachel Rothman, Good Housekeeping, "Mockingbird Is a New Direct-to-Consumer Brand for Strollers, and We're Obsessed," 18 Mar. 2019 Michael Vekich, chair of the Minnesota Sports Facilities Authority, said the Act Global turf at U.S. Bank Stadium cost $637,000 to replace after three seasons and has a four-year warranty. — Chris Tomasson, Twin Cities, "Will Vikings’ Dalvin Cook again sit out a preseason game on new turf? Mike Zimmer isn’t saying," 15 Aug. 2019 What’s more common is for packages to include a separate sheet with proper grounding instructions, but that can easily be pushed aside during installation along with the warranty card, plastic wrappers and empty box. — Ron Hurtibise, sun-sentinel.com, "Getting an outdoor antenna to pull in blacked-out CBS? You could create a fire hazard.," 2 Aug. 2019 The device’s response time to surges and joule ratings are important, as well as its warranty, if something is damaged. — azcentral, "How to avoid overloading your electrical system during the summer," 1 Aug. 2019 Customers who choose to repair their tech purchases often risk voiding their warranty by doing so. — Lauren Goode, WIRED, "Could Feds Force Companies to Support Your Right to Repair?," 23 July 2019 Hopefully, this means the end of sticky keys -- but in any case, these laptops are part of a warranty program. — Jacob Krol, CNN Underscored, "Apple's MacBook Air is now an even better value at just $1,099," 11 July 2019 Some warranty companies have been subject to government action. — SFChronicle.com, "Don’t bother with home warranties," 5 July 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'warranty.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for warranty
warranty
nounFinancial Definition of warranty
What It Is
A warranty is a guarantee, usually written, that a product or service works as expected.
How It Works
For example, when you buy a new car from a car dealer, the warranty states that the car works. If the car doesn't work, the warranty gives the owner the right to have the dealer fix the car under certain conditions (length of time, cause of damage, etc.). These conditions are typically spelled out in the warranty. In many cases, consumers can buy extended warrantees from manufacturers, sellers, or third parties.
A warranty can exist even when it's not in writing (that's called an implied warranty). For example, when you order a hamburger at a restaurant, it comes with the implied warranty that it is edible. The Uniform Commercial Code (UCC) contains an "implied warranty of merchantability" that states that in every sales transaction, the good sold must be fit for the ordinary purposes for which the good is used, would pass without objection in the trade, is adequately packaged and labeled, and reflects the promises made on the label.
Sometimes an implied warranty also exists when the seller knows what the buyer is going to use the good for and the buyer relies on the seller's judgment when choosing the goods. If the buyer is a knowledgeable buyer, however, the implied warranty doesn't always exist, especially if the buyer knows as much or more about the product than the seller does.
Why It Matters
Warranties protect consumers from purchases involving products or services that are defective or are not what was represented by the seller. They are often the legal mechanism behind why consumers can usually return defective products to merchants for a refund. Sometimes, sellers will disclaim an implied warranty at the time of sale (though they have to do this in writing and usually in boldface print).
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implied warranty
nounFinancial Definition of implied warranty
What It Is
An implied warranty is an unwritten guarantee that a product or service works as expected.
How It Works
An implied warranty is a lot like an assumption. For example, when you buy a new car from a car dealer, the implied warranty is that the car works. When you order a hamburger at a restaurant, it comes with the implied warranty that it is edible.
The Uniform Commercial Code (UCC) contains an "implied warranty of merchantability" that states that in every sales transaction, the good sold must be fit for the ordinary purposes for which the good is used, would pass without objection in the trade, is adequately packaged and labeled, and reflects the promises made on the label. Sometimes an implied warranty also exists when the seller knows what the buyer is going to use the good for and the buyer relies on the seller's judgment when choosing the goods. If the buyer is a knowledgeable buyer, however, the implied warranty doesn't always exist, especially if the buyer knows as much or more about the product than the seller does.
Why It Matters
Implied warranties protect consumers from purchases involving products or services that are not what was represented by the seller. They are often the legal mechanism behind why consumers can usually return defective products to merchants for a refund. Sometimes, sellers will disclaim an implied warranty at the time of sale (though they have to do this in writing and usually in boldface print).
Source: Investing Answers
warranty
noun
English Language Learners Definition of warranty
See the full definition for warranty in the English Language Learners Dictionary
warranty
noun
\
Legal Definition of warranty
— called also covenant of warranty
— see also special warranty deed and warranty deed at deedNote: A warranty was originally considered to extend only to those parties having privity of contract (as the manufacturer and dealer of an automobile), but cases have held that a warranty also extends to the final consumer who does not contract directly with the manufacturer. Both express and implied warranties may be modified, limited, or even waived by agreement of the parties. Breach of a warranty generally does not constitute breach of the entire contract.
Note: Under the Uniform Commercial Code, a seller must know the purpose for which goods are being bought and that the buyer is relying on the seller's skill or judgment in order for a warranty of fitness to be implied.
Note: If a landlord breaches a warranty of habitability, a tenant may have such remedies as terminating the tenancy, recovering damages, or withholding rent. The warranty is based in many jurisdictions either on case law or statute.
Note: Under the Uniform Commercial Code, a warranty of merchantability is not im