warranty
Definition:
Now generally used to mean the same as guarantee. A statement by a seller in which he promises to do certain things should the item bought not perform as specified or prove to be defective in some way within a certain time after being put into use.
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© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [George Avlonitis], [1998].