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Definition of warranty:

  1. A covenant real, whereby the grantor of an estate of freehold and his heirs were bound to warrant and defend the title, and, in case of eviction by title paramount, to yield other lands of equal value in recompense. This warranty has long singe become obsolete, and its place supplied by personal covenants for title. Among these is the covenant of warranty, which runs with the land, and is in the nature of a real covenant.
  2. A stipulation or engagement by a party insured, that certain things, relating to the subject of insurance, or affecting the risk, exist, or shall exist, or have been done, or shall be done. These warranties, when express, should appear in the policy; but there are certain implied warranties.
  3. Justificatory mandate or precept; authority; warrant.
  4. Security; warrant; guaranty.
  5. To warrant; to guarantee.

Synonyms:

written guaranty, detail, credit rating, buyer's market, countenance, cross-selling, churn rate, aftermarket, indorsement, imprimatur, guarantee, obligation, customer care, warrantee, deal, stock warrant, call, stock-purchase warrant, direct marketing, warrant, surety, guaranty, covenant, cold call.

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