Definition of warranties:
(n) :
(countable) A written guarantee, usually over a fixed period, provided to someone who buys a product or item, which states that certain repairs and/or replacement parts will be provided free of charge in case of damage or a defect.
(n) :
(countable) A guarantee that a certain outcome or obligation will be fulfilled; security.
(n) :
(countable, law) A legal agreement, either written or oral (an expressed warranty) or implied through the actions of the buyer and seller (an implied warranty), which states that the goods or property in question will be in exactly the same state as promised, such as in a sale of an item or piece of real estate.
(n) :
(countable, insurance law) A stipulation of an insurance policy made by an insuree, guaranteeing that the facts of the policy are true and the insurance risk is as stated, which if not fulfilled renders the policy void.
(n) :
(law, countable, real estate) A covenant, also called the covenant of warranty, whereby the grantor assures the grantee that he or she will not be subject to the claims of someone with a paramount title, thereby guaranteeing the status of the title that is being conveyed.
(v) :
To warrant; to guarantee.