warranty

Beginner 🏠 Real Estate

Definition

A seller's promise that their product won't immediately explode or fall apart, though the fine print will explain in excruciating detail all the ways you can void this promise. This legal guarantee assures buyers that goods or property meet certain standards and provides recourse if things go wrong—assuming you kept the receipt, didn't use it wrong, and performed ritual maintenance every third Tuesday. Extended warranties are the profitable cousin that exists solely to make you second-guess your purchase.

Example Usage

My laptop came with a one-year warranty that covers manufacturing defects, but apparently 'normal wear and tear' includes literally anything that goes wrong.

Source: Legal and commercial terminology

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