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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.
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.
From Dictionary

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    In applying for insurance, the applicant makes certain representations or warranties. If the applicant makes a false representation, the insurer has the option of voiding the contract. Concealment of ...
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    legal concept or doctrine that holds manufacturers or sellers responsible, or liable, for harm caused by defective products sold in the marketplace. Manufacturer's liability is usually determined on ...
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    (Latin: "let the buyer beware"), in the law of commercial transactions, principle that the buyer purchases at his own risk in the absence of an express warranty in the contract.
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