Warranty

Business / Real Estate / Warranty: A promise that certain stated facts are true. A guaranty by the seller, covering the title as well as the physical condition of the property. A warranty is different from a representation in that a representation is a statement made in the course of negotiations leading up to the sale, but not incorporated into the contract. A warranty, on the other hand, is a statement in the contract asserting the truth of certain things about the property.

Other Words for Warranty

Warranty Noun Synonyms: guarantee, assurance, promise, commitment, covenant, undertaking, agreement, pledge, bond
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Warranty Deed

Business / Real Estate / Warranty Deed: A deed in which the grantor fully warrants good clear title to the premises, also called a general warranty deed. The usual covenants of title are covenant of seisin (possession), covenant of quiet en MORE

Limited Warranty

Business / Finance / Limited Warranty: A warranty with certain conditions and limitations on the parts covered, type of damage covered, and/or time period for which the agreement is good. MORE

Special Warranty Deed

Business / Real Estate / Special Warranty Deed: A deed in which the grantor warrants or guarantees the title only against defects arising during the period of his or her tenure and ownership of the property and not against defects existing before t MORE

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