Definition of Warranty

Babylon English
warranty
n. guarantee, certificate indicating responsibility; authority; justification

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Warranty definition was found in categories: Business & Finance(4)  Language, Idioms & Slang(4)  Law(3)  Government(1)  Science & Technology(2)  Sports(1)  Computer & Internet(1)  Encyclopedia(1)  

Warranty Definition from Business & Finance Dictionaries & Glossaries

Campbell R. Harvey's Hypertextual Finance Glossary
Warranty
A guarantee by a seller to a buyer that in the event of a product requiring 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.

MONASH Marketing Dictionary
Warranty
a guarantee by a manufacturer that a product will be repaired or replaced or the purchase price refunded if it is found to be defective within a specified period, if it does not perform the task for which it was intended or if it does not meet the purchaser's reasonable expectations. See Express WarrantyImplied WarrantyPromotional WarrantyProtective Warranty.

BTS Transportation Expressions
Warranty
The written guarantee issued with new motor vehicles or related equipment. It defines the manufacturer's responsibility for the repair or replacement of defective parts and other services provided as part of the purchase price. A warranty can be nullified if the user does not follow certain stipulations of the manufacturer, such as preventive maintenance. (GSA2)

Raynet Business & Marketing Glossary
Warranty
a written guarantee of a manufacturer's or retailer's responsibility.


Warranty Definition from Language, Idioms & Slang Dictionaries & Glossaries

Webster's Revised Unabridged Dictionary (1913)
Warranty
(v. t.)
To warrant; to guarantee.
  
(n.)
Security; warrant; guaranty.
  
(n.)
Justificatory mandate or precept; authority; warrant.
  
(n.)
An engagement or undertaking, express or implied, that a certain fact regarding the subject of a contract is, or shall be, as it is expressly or impliedly declared or promised to be. In sales of goods by persons in possession, there is an implied warranty of title, but, as to the quality of goods, the rule of every sale is, Caveat emptor.
  
(n.)
A stipulation or engagement by a party insured, that certain things, relating to the subject of insurance, or affecting the risk, exist, or shall exist, or have been done, or shall be done. These warranties, when express, should appear in the policy; but there are certain implied warranties.
  
(n.)
A covenant real, whereby the grantor of an estate of freehold and his heirs were bound to warrant and defend the title, and, in case of eviction by title paramount, to yield other lands of equal value in recompense. This warranty has long singe become obsolete, and its place supplied by personal covenants for title. Among these is the covenant of warranty, which runs with the land, and is in the nature of a real covenant.
  

WordNet 2.0
warranty

Noun
1. a written assurance that some product or service will be provided or will meet certain specifications
(synonym) guarantee, warrant, warrantee
(hypernym) assurance, pledge
(hyponym) security, surety

hEnglish - advanced version
warranty

warranty
\war"rant*y\ (?), n.; pl. warranties (#). [of. warantie, f. garantie. see warrant, n., and cf. guaranty.]
1. (anc. law) a covenant real, whereby the grantor of an estate of freehold and his heirs were bound to warrant and defend the title, and, in case of eviction by title paramount, to yield other lands of equal value in recompense. this warranty has long singe become obsolete, and its place supplied by personal covenants for title. among these is the covenant of warranty, which runs with the land, and is in the nature of a real covenant.
2. (modern law) an engagement or undertaking, express or implied, that a certain fact regarding the subject of a contract is, or shall be, as it is expressly or impliedly declared or promised to be. in sales of goods by persons in possession, there is an implied warranty of title, but, as to the quality of goods, the rule of every sale is, caveat emptor. hitty. bouvier.
3. (insurance law) a stipulation or engagement by a party insured, that certain things, relating to the subject of insurance, or affecting the risk, exist, or shall exist, or have been done, or shall be done. these warranties, when express, should appear in the policy; but there are certain implied warranties.
4. justificatory mandate or precept; authority; warrant. [r.] if they disobey precept, that is no excuse to us, nor gives us any warranty to disobey likewise. --kettlewe&?;&?;.
5. security; warrant; guaranty. the stamp was a warranty of the public.


JM Welsh <=> English Dictionary
Briduw
Briduw = n. warranty; earnest



The 'Lectric Law Library
Warranty
A promise about a product made by either a manufacturer or a seller. A statement or agreement by a seller of property which is a part of the contract of sale. The truth of the statement is necessary to the validity of the contract.

his word has several significations, as it is applied to the conveyance and sale of lands, to the sale of goods, and to the contract of insurance.

The ancient law relating to warranties of land was full of subtleties and intricacies; it occupied the attention of the most eminent writers on the English law, and it was declared by Lord Coke, that the learning of warranties was one of the most curious and cunning learnings of the law; but it is now of little use even in England. The warranty was a covenant real, whereby the grantor of an estate of freehold, and his heirs, were bound to warrant the title; and either upon voucher, or judgment in, a writ of warrantia chartae, to yield other lands to the value of those from which there had been an eviction by paramount title the heir of the warrantor was bound only on condition that he had, as assets, other lands of equal value by descent.

Warranties were lineal and collateral.

Lineal, when the heir derived title to the land warranted, either from or through the ancestor who made the warranty.

Collateral warranty was when the heir's title was not derived from the warranting ancestor, and yet it barred the heir from claiming the land by any collateral title, upon the presumption that he might thereafter have assets by descent from or through the ancestor; and it imposed upon him the obligation of giving the warrantee other lands, in case of eviction, provided he had assets.

The statute of 4 Anne, annulled these collateral warrantees, which bid become a great grievance. Warranty in its original form, it is presumed, has never been known in the United States. The more plain and pliable form of a covenant has been adopted in its place and this covenant, like all other covenants, has always been held to sound in damages which after judgment may be recovered out of the personal or real estate, as in other cases.

Warranties in relation, to the sale of personal chattels are of two kinds, express or implied.

An express warranty is one by which the warrantor covenants or undertakes to insure that the thing which is the subject of the. contract, is or is not as there mentioned; as, that a horse is sound; that he is not five years old.

An implied warranty is one which, not being expressly made, the law implies by the fact of the sale; for example, the seller is, understood to warrant the title of goods be sells, when they are in his possession at the time of the sale; but if they are not then in his possession, the rule of caveat emptor applies, and the buyer purchases at his risk.

In general there is no implied warranty of the quality of the goods sold.

In the contract of insurance, there are certain warranties which are inducements to the insurer to enter into it. A warranty of this kind is a stipulation or agreement on the part of the insured, in the nature of a condition precedent. It may be affirmative; as where the insured undertakes for the truth of some positive allegation: as, that the thing insured is neutral property: or, it may be promissory; as, that the ship shall sail on or before a given day

Warranties are also express or implied. An express warranty is a particular stipulation introduced into the written contract, by the agreement of the parties; an implied warranty is an agreement which necessarily results from the nature of the contract: as, that the ship shall be seaworthy when she sails on the voyage insured.

The warranty being in the nature of a condition precedent, it is to be performed by the insured, before he can demand the performance of the contract on the part of the insurer.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.

Collateral Security, Warranty
COLLATERAL SECURITY - A separate obligation attached to another contract to guaranty its performance. By this term is also meant the transfer of property or of other contracts to insure the performance of a principal engagement. The property or securities thus conveyed are also called collateral securities.

COLLATERAL WARRANTY - Contracts, Descent. Where the heir's title to the land neither was, nor could have been, derived from the warranting ancestor and yet barred the heir from ever claiming the land, and also imposed upon him the same obligation of giving the warrantee other lands in case of eviction as if the warranty were lineal, provided the heir had assets.

The doctrine of collateral warranty was one of the most unjust, oppressive and indefensible in the whole range of the common law.

By the statute of 4 & 5 Anne, c.16, 21, all collateral warranties of any land to be made after a certain day by any ancestor who has no estate of inheritance in possession in the same, were made void against the heir.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.

Warranty, Voucher To
WARRANTY, VOUCHER TO - A warranty is a contract real, annexed to lands and tenements, whereby a man is bound to defend such lands and tenements from another person; and in case of eviction by title paramount, to give him lands of equal value.

Voucher to warranty is the calling of such warrantor into court by the party warranted, (when tenant in a real action brought for recovery of such lands,) to defend the suit for him and the time of such voucher is after the deman-dant has counted. It lies in most real and mixed actions, but not in personal. Where the voucher has been made and allowed by the court, the vouchee either voluntarily appears, or there issues a judicial writ (called a summons ad warrantizandum,) commanding the sheriff to summon him. Where he, either voluntarily or in obedience to this writ, appears and offers to warrant the land to the tenant, it is called entering into the warranty; after which he is considered as tenant in the action, in the place of the original tenant. The deman-dant then counts against him de novo, the vouchee pleads to the new count, and the cause proceeds to issue.

Voucher of warranty is, in the present rarity of real actions, unknown in practice.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.

Duhaime.org Legal Dictionary
Warranty
A guarantee given on the performance of a product or the doing of a certain thing. - (read more on Warranty)
  

Law Dictionary
Warranty
An assurance by one party to a contract of the existence of a factupon which the other party may rely, intended to relieve the promisee of anyduty to ascertain the fact for himself or herself, and which amounts to apromise to indemnify the promisee for any loss if the fact warranted provesuntrue.


Warranty Definition from Government Dictionaries & Glossaries

Rabintex Ballistic Dictionary
Warranty
Vendor's guaranty for the product sold. 


Warranty Definition from Science & Technology Dictionaries & Glossaries

Energy Glossary
WARRANTY
A seller's guarantee to purchaser that product is what it is represented to be and, if it is not, that it will be repaired or replaced. Within the context of vehicles, refers to an engine manufacturer's guarantee that the engine will meet "certified" engine standards at 50,000 miles or the engine will be replaced. Retrofits may generally void an engine warranty.

Dictionary of Automotive Terms
Warranty
The promise made by both the vehicle manufacturer and the vehicle dealer to fix or replace parts on a new vehicle if there is a malfunction before a specific time or distance has elapsed. In some instances some manufacturers or dealers grant warranty even after the expiry of the designated time or distance. This is called "good will warranty."


Warranty Definition from Sports Dictionaries & Glossaries

maritime&shipping&trade
Warranty
An undertaking by the assured whereby he promises to comply with the terms of the warranty. Non-compliance consitutes breach of warranty and the underwriter is discharged from liability as from the date of the breach.

Warranty:
An undertaking by one party to a contract agreeing to abide by certain conditions required by the other party in relation to performance of the contract (eg. warranty of seaworthiness whereby the shipowner agrees to provide a seaworthy vessel to carry the goods specified in a contract of affreightment).


Warranty Definition from Computer & Internet Dictionaries & Glossaries

Multimedia Glossary
warranty
an expressed intent to fix any product-related problems after the sale


Warranty Definition from Encyclopedia Dictionaries & Glossaries

Wikipedia English - The Free Encyclopedia
Warranty
In commercial and consumer transactions, a warranty is an obligation that an article or service sold is as factually stated or legally implied by the seller, and that often provides for a specific remedy such as repair or replacement in the event the article or service fails to meet the warranty. A breach of warranty occurs when the promise is broken, i.e., a product is defective or not as should be expected by a reasonable buyer.

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