warranty

Definitions (2)

1. A statement of fact or opinion about a company's financial condition.
2. An agreement between a buyer and a seller of goods or services, detailing the conditions under which the seller will make repairs or fix problems without cost to the buyer.

Use warranty in a sentence

The warranty was purchased as it always is by us because we cannot take on too much risk as it is not wise.

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Typically, it's not necessary to buy an extended warranty from a retail store because the majority of products come with manufacturer warranties which cover defects.

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When my company sought to buy a new factory, we insisted that the seller give us a warranty guaranteeing that the roof was sound and that he would make repairs if it were not.

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limited warranty deed quitclaim deed