Business terms and jargon explained. Your business dictionary

What is Warranties

This is a promise that when a product becomes faulty it will be repaired, replaced or refunded. It is normally purchased or given when the product is bought and the promise is valid for either a specific period of time or the lifetime of the product, the person or the warrantee issuer.

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Term created / updated 2009-03-19 11:53:36

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