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Home > QFINANCE Dictionary > Definition of warranty

Definition of

warranty

  • 1. Insurance

    insured person's statement that information provided is correct a statement made by somebody who is being insured that the facts stated by that person are true

  • 2. Legal

    legal document promising quality of goods a legal document that promises that a machine will work properly or that an item is of good quality

  • 3. Legal

    promise in contract a promise explicitly stated in a contract

Definitions of ’warranty’ and meaning of ’warranty’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’warranty’ and other financial terms with our online QFINANCE Financial Dictionary.

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