extended warranty

extended warranty
extended warranty UK US noun [C or U] (plural extended warranties) (also extended guarantee)
COMMERCE, INSURANCE a type of guarantee (= a promise to repair or replace a product) that increases the period of time during which the guarantee can be used: »

Only about 20% of the products covered by an extended warranty are ever brought in for repair, the agency says.


Financial and business terms. 2012.

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Look at other dictionaries:

  • Extended warranty — An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers. The extended warranty may be offered by the warranty administrator, the retailer or the… …   Wikipedia

  • extended warranty contracts — Warranty coverage on an item that kicks in after the warranty coverage provided by the manufacturer or seller expires. Many consumers are encouraged to buy extended warranties (also called service contracts) when they buy cars or appliances. In… …   Law dictionary

  • warranty — war·ran·ty / wȯr ən tē, wär / n pl ties [modification (influenced by warrant ) of Anglo French garantie, from garantir to protect, warrant] 1: a promise in a deed that gives the grantee of an estate recourse (as through an action for damages)… …   Law dictionary

  • extended guarantee — UK US noun [C or U] ► EXTENDED WARRANTY(Cf. ↑extended warranty) …   Financial and business terms

  • Warranty — In commercial and consumer transactions, a warranty is an obligation or guarantee that an article or service sold is as factually stated or legally implied by the seller, and that often provides for a specific remedy such as repair or replacement …   Wikipedia

  • warranty — A promise that a proposition of fact is true. The Fred Smartley, Jr., C.A.Va., 108 F.2d 603, 606. An assurance by one party to agreement of existence of fact upon which other party may rely. It is intended precisely to relieve promisee of any… …   Black's law dictionary

  • warranty — A guarantee by a seller to a buyer that if a product requires repair or remedy of a problem within a certain period after its purchase, the seller will repair the problem at no cost to the buyer. Bloomberg Financial Dictionary * * * warranty… …   Financial and business terms

  • extended — A lengthening out of time previously fixed and not the arbitrary setting of a new date. Stretched, spread, or drawn out @ extended coverage clause Provision in insurance policy which carries protection for hazards beyond those covered (or… …   Black's law dictionary

  • extended — A lengthening out of time previously fixed and not the arbitrary setting of a new date. Stretched, spread, or drawn out @ extended coverage clause Provision in insurance policy which carries protection for hazards beyond those covered (or… …   Black's law dictionary

  • extended — ex|tend|ed [ ık stendəd ] adjective 1. ) continuing for longer than usual: an extended warranty Try to avoid extended periods of time at the computer. 2. ) an extended hand, arm, etc. is stretched out …   Usage of the words and phrases in modern English

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