“Warranty” vs. “Guarantee” – 2 the Point by aaci.pk

“Warranty” vs. “Guarantee” – 2 the Point

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.

Whats 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 is given or held as security until a debt is paid or the performance of a duty is fulfilled.” If 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 warranty is the person to whom a warranty is made. Take a look at this list if you want to know more about legal terms to seal the deal.

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