Business terms and jargon explained. Your business dictionary

What is Warranty liability

When warranties are issued with products there is an expectation that some of these warranties will materialise. As a percentage of the warranties issued will require repairs or replacements, a fund will have to be set aside to cater for this expense. It is considered to be a contingent liability that is both probable and an estimated can be calculated.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Search Term   

Reporting Period Deflation Imaging Open End Credit
Intrastat In esse Quant Artificial Intelligence
Remote Access Reentry Intangible Assets MENA
Business Promotion Scheme Ofcom Kerning Publicist
Accounting Rate of Return CHAPS Economically Inactive Lien
Internet and email usage policy N1 Civil Court form Kina Overbought
Ngultrum Credit Concentration Discretionary Fiscal Policy Ground rent
Call Option Royal Mint Holding Company Lobbyist
Seigniorage SMTP Special Commissioner Cable Modem
Blue Chip Author Comparative Advantage Cafeteria plan

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

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.