Warranty vs. Guarantee

Main Difference

A warrantee is termed as surety in a written form which is referred to as a written guarantee. This is for the purchaser that if the product requires repair within the given time then they will provide their services (the manufacturer). While on the other hand guarantee is to provide surety or security regarding certain agreements. Warranty is legal contract and guarantee can be both legal and informal. So basically warrantee is a promise and guarantee can be termed as assurance. The promise and the assurance is regarding the condition, quality and maintenance of the product which is bought by the buyer and this promise can be in written form or can be done verbally. Furthermore, both can be legal i.e. would have specific laws related to the transaction of the product. Similarly, we see that nearly every product has warrantees and guarantees about meeting the specific requirements related to that particular product. There is also a warranty regarding the defects in the products and the materials bought and they usually have a limited warranty which is restricted to certain days. Additionally there is a warranty for merchandise and for the fitness for specific goods. Furthermore, guarantee is also a contract between 2 or more than 2 parties and is a valuable agreement. And guarantee can be made or applied even if you don’t have a warranty. Similarly, warranty can be given with guarantee. When a person claims his warranty then it is necessary for the seller to act accordingly. Also there is warranty data which actually contains the supplementary data and different claims. Warranty can be of many types like car warranty which usually are for 5 years, home warranty which is related to the costs of the appliances at home example when we have a problem with the furnace, technician or with any other appliances them the company who has offered the warranty pays for all the services.

Warranty vs. Guarantee — Is There a Difference?
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Difference Between Warranty and Guarantee

Warranty vs. Guarantee

A warrantee is termed as surety in a written form which is referred to as a written guarantee; guarantee is to provide surety or security regarding certain agreements.

Warranty vs. Guarantee

Warrant is a promise; guarantee is assurance.

Warranty vs. Guarantee

Guarantee can also be a promise; warranty can be a type of guarantee.

Warrantynoun

(countable) A guarantee that a certain outcome or obligation will be fulfilled; security.

Guaranteenoun

Anything that assures a certain outcome.

Can you give me a guarantee that he will be fit for the match?

Warrantynoun

An obsolete legal agreement that was a real covenant and ran with the land, whereby the grantor and his heirs of a piece of real estate held in freehold were required to officially guarantee their claim and plead one’s case for the title. If evicted by someone with a superior claim (paramount title) they were also required to hand over other real estate of equal value in recompense. It has now been replaced by personal covenants and the covenant of warranty.

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Guaranteenoun

A legal assurance of something, e.g. a security for the fulfillment of an obligation.

Warrantynoun

A covenant, also called the covenant of warranty, whereby the grantor assures the grantee that he or she not be subject to the claims of someone with a paramount title, thereby guaranteeing the status of the title that is being conveyed.

Guaranteenoun

More specifically, a written declaration that a certain product will be fit for a purpose and work correctly; a warranty

The cooker comes with a five-year guarantee.

Warrantynoun

A legal agreement, either written or oral (an expressed warranty) or implied through the actions of the buyer and seller (an implied warranty), which states that the goods or property in question will be in exactly the same state as promised, such as in a sale of an item or piece of real estate.

Guaranteenoun

The person to whom a guarantee is made.

Warrantynoun

(countable) A written guarantee, usually over a fixed period, provided to someone who buys a product or item, which states that repairs will be provided free of charge in case of damage or a fault.

I took out an extended warranty on my television for five years at a cost of $100.I made sure to check the terms of my warranty for my computer to ensure I was covered in case it broke down.It's always a good idea to get a good warranty on anything you buy that you think may break down.
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Guaranteenoun

(colloquial) A person who gives such a guarantee; a guarantor.

Warrantynoun

A stipulation of an insurance policy made by an insuree, guaranteeing that the facts of the policy are true and the insurance risk is as stated, which if not fulfilled renders the policy void.

Guaranteeverb

To give an assurance that something will be done right.

Warrantynoun

Justification or mandate to do something, especially in terms of one’s personal conduct.

Guaranteeverb

To assume responsibility for a debt or other obligation.

Warrantyverb

To warrant; to guarantee.

Guaranteeverb

To make something certain.

The long sunny days guarantee a good crop.

Warrantynoun

a written assurance that some product or service will be provided or will meet certain specifications

Guaranteenoun

a written assurance that some product or service will be provided or will meet certain specifications

Guaranteenoun

a pledge that something will happen or that something is true;

there is no guarantee that they are not lying

Guaranteenoun

a collateral agreement to answer for the debt of another in case that person defaults

Guaranteeverb

give surety or assume responsibility;

I vouch for the quality of my products

Guaranteeverb

make certain of;

This nest egg will ensure a nice retirement for usPreparation will guarantee success!

Guaranteeverb

promise to do or accomplish;

guarantee to free the prisoners

Guaranteeverb

stand behind and guarantee the quality, accuracy, or condition of;

The dealer warrants all the cars he sellsI warrant this information

Comparison Chart

WarrantyGuarantee
Termed as surety in a written form which is referred to as a written guaranteeTo provide surety or security regarding certain agreements
Synonym
PromiseAssurance
Format
Always writtenNot always written

Definition of Warranty

A warranty is term as surety in a written form which is referred to as a written guarantee. It is always a legal contract. There is implied warranty which is an unwritten promise depending on the type of the transaction made. Moreover there is warranty of a merchandise and also warranty regarding the fitness for particular resolution. Mostly we see warranty on goods regarding the defects in certain goods and if we find a defect we claim our warranty, so there are limited warranties which are restricted to certain days. But on the other hand there are also lifetime warranties. If there is a breach of warranty then the buyers can sue the company. Warranty can be of many types like car warranty which usually are for 5 years, home warranty which is related to the costs of the appliances at home example when we have a problem with the furnace, technician or with any other appliances them the company who has offered the warranty pays for all the services. There is also warranty data which actually contains the supplementary data and different claims. Where the claim data consists of all the records of claims made by the buyer and the supplementary data is related to the data related to the marketing and production.

Definition of Guarantee

The word guarantee is an old French form which means ‘warrant’ also from the Germanic word which is ‘wahren’. Guarantee is to provide surety or security regarding certain agreements. Also warranty is a type of guarantee. The surety can be between two parties or even a group. Guarantee is also a contract between 2 or more than 2 parties and is a valuable agreement. And guarantee can be made or applied even if you don’t have a warranty. As guarantee is also considered as a contract so it has different meanings in different countries like in England there is collateral contract, in US there is difference between the two terms ‘surety’ and ‘guarantor’, in India the guarantee can be oral or written, in Sri Lanka, Australia and Jamaica the guarantee requires to be written. Similarly there are different civil laws and codes regarding guarantee in different countries. The term guarantee is also linked with liability which comprise of different terms and conditions.

Conclusion

Two terms which can be considered similar but actually are different from each other and the ones who seem different but mean similar can exist. But very rarely, there are the ones which have both the issues. Warranty and Guarantee are those, and this article has tried best to lay out the differences between them and help people to know the meaning properly.