Here is a pair of definitions directed at consumers which indicates that a warranty is a kind of guarantee : A guarantee is a promise made by a seller to a buyer that the item / service / product sold is of the best and freshest condition and in the event that there is no satisfaction or when the said item / service / product did not live up to its promise, the seller agrees to replace it or refund the buyer’s money. A warranty , however, works like an insurance policy and works like a legal contract. A warranty is a guarantee of repair and replacement of an item / product or its parts should it not meet the expectations of the buyer or should it break down and malfunction at any time during the warranty period.
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.