What is an example of a guarantee?

The definition of a guarantee is a promise that something will happen. An example of guarantee is a document stating that a new barbecue grill will be repaired free of charge for the first two years after purchase. To assume responsibility for the quality or performance of. A guaranty.

What do you mean by guarantee?

1 : a promise that something will be or will happen as stated a guarantee against defects. 2 : something given as a promise of payment : security. guarantee. verb.

What does a 1 year guarantee mean?

A 1-year warranty is a warranty in which the seller or manufacturer guarantees remedies for product defects for one year from the date of sale. During that time, the seller shall repair or replace the product if such defects present.

What are the types of guarantee?

There are two types of Guarantee i.e. Specific Guarantee which is for a specific transaction and Continuing Guarantee which is for a series of transactions. Specific Guarantee: A guarantee which is given for only one transaction or debt, the guarantee is known as a Specific Guarantee.

Is a promise a guarantee?

As nouns the difference between guarantee and promise is that guarantee is anything that assures a certain outcome while promise is an oath or affirmation; a vow.

What is the difference between guarantee and warranty?

The main difference between guarantee and warranty lies in the dissimilarity of expectations in both the cases. Generally, it is believed that one can get his money back with the strength of a guarantee, if the product is defective or does not provide the assured standard. The guarantee is a commitment to make good defects of a product or a service in a fixed period.

How to understand warranties?

Identify from where your car warranty came. This is one of the most vitally important steps in dealing with any car warranty.

Look at the breakdown for parts and labor. Many warranties have a specific coverage period and cost coverage for the classifications of parts and labor separately.

Consider the time frame of the warranty.

What is the opposite of guarantee?

Guarantee antonyms – Opposites of Guarantee. uncertainty. n. # disagreement. reject. v. # neglect , hurt. hesitation. deny.

What does warranty mean?

A warranty is a type of guarantee that a manufacturer or similar party makes regarding the condition of its product. It also refers to the terms and situations in which repairs or exchanges will be made if the product does not function as originally described or intended. Warranties often have conditions limiting the warranty.