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warranties - 2 dictionary results

war⋅ran⋅ty

[n. wawr-uhn-tee, wor-; v. wawr-uhn-tee, wor-] noun, plural -ties, verb, -tied, -ty⋅ing.
–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 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.

Origin:
1300–50; ME warantie < AF (OF guarantie). See warrant, -y 3
war·ran·ty   (wôr'ən-tē, wŏr'-)   
n.   pl. war·ran·ties
  1. Official authorization, sanction, or warrant.
  2. Justification or valid grounds for an act or a course of action.
  3. Law
    1. An assurance by the seller of property that the goods or property are as represented or will be as promised.
    2. The insured's guarantee that the facts are as stated in reference to an insurance risk or that specified conditions will be fulfilled to keep the contract effective.
    3. A covenant by which the seller of land binds himself or herself and his or her heirs to defend the security of the estate conveyed.
    4. A judicial writ; a warrant.
  4. A guarantee given to the purchaser by a company stating that a product is reliable and free from known defects and that the seller will, without charge, repair or replace defective parts within a given time limit and under certain conditions.

[Middle English warantie, from Old North French, from feminine past participle of warantir, to guarantee, from warant, warrant; see wer-4 in Indo-European roots.]
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