Definition of: warranty

(wôr′ən·tē, wor′-) noun plural ·ties
1. Law An assurance or undertaking by the seller of property, express or implied, that the property is or shall be as it is represented or promised to be.
2. In conveyancing, a covenant in a deed whereby the grantor binds himself and his heirs to secure to the grantee the estate conveyed to him.
3. In insurance law, a stipulation or engagement on the part of the insured that the facts in relation to the risk are as stated by him.
4. Authorization; warrant.
5. Dial. Security; guaranty. [<AF warantie, OF guarantie <OF guarant a warrant. Doublet of GUARANTY.]