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From Dictionary
Warranty Definition–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. |
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| 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. |
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From Dictionary
Insurance Definition–noun | 1. | the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. |
| 2. | coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract. |
| 3. | the contract itself, set forth in a written or printed agreement or policy. |
| 4. | the amount for which anything is insured. |
| 6. | any means of guaranteeing against loss or harm: Taking vitamin C is viewed as an insurance against catching colds. |
–adjective | 7. | of or pertaining to a score that increases a team's lead and insures that the lead will be held if the opposing team should score once more: The home run gave the team an insurance run, making the score 7-5. |
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From Dictionary
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The Advantages of Online Auto Warranty ShoppingLoading...
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