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Knowing The Different Between Warranty And Guarantee - Business - Nairaland

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Knowing The Different Between Warranty And Guarantee by cheango: 2:05pm On Feb 13, 2018
What’s the difference between warranty and guarantee ?

A warranty is “a promise or guarantee given.” A warranty is usually a written guarantee for a product, and it holds the maker of the product responsible to repair or replace a defective product or its parts. It is only used as a noun.
So, what’s a guarantee? Basically, it’s the promise included in the formal (and legal) warranty.
As a noun, guarantee is “an agreement assuming responsibility to perform, execute, or complete something and offering security for that agreement.” It is a promise or an assurance, especially one given in writing, that attests to the quality or durability of a product or service, or a pledge that something will be performed in a specified manner.
As a verb, it can assure someone that you have confidence in your product or service. For example: “I guarantee that you’ll love this product or you’ll get your money back!”

What’s a guaranty?
A guaranty is not in use very much anymore. If it is, it is a noun meaning “an undertaking or promise that is the answer to or payment for a debt or default,” or “something given or held as security until a debt is paid or the performance of a duty is fulfilled.” It you do see it these days, it is probably in a legal or financial document. And, if you were wondering (or wanted to add to your confusion), a warrantee is the person to whom a warranty is made.
Re: Knowing The Different Between Warranty And Guarantee by Donald3d(m): 4:08pm On Feb 13, 2018
Cool

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