warranter
/'wɔrəntə/ Cách viết khác : (warrantor) /'wɔrəntɔ:/
Definition
Noun: 1. A person or entity that provides a formal assurance or guarantee: Specifically, a warranter is one who gives a warrant, which is a written guarantee or promise regarding the quality, ownership, or performance of something. In legal and commercial contexts, this person assumes responsibility if the guarantee is not fulfilled.
Usage
The term "warranter" is a formal and legal term. It is used to identify the party who makes a guarantee in a contract or agreement. * The warranter in the sales contract assured the authenticity of the antique painting. * As the warranter, the manufacturer is legally bound to repair or replace any defective parts.
Advanced Usage
- In Contract Law: The warranter is distinct from the guarantor, though the terms are sometimes used interchangeably. A warranter typically makes specific promises (warranties) about facts or conditions, while a guarantor promises to answer for the debt or duty of another if they default.
- The seller acted as the warranter, explicitly stating the vehicle had never been in an accident.
Variants and Related Words
- Warrantor (noun): This is a direct synonym and variant spelling of "warranter," used with identical meaning in legal contexts.
- The warrantor of the bond is a reputable financial institution.
- Warranty (noun): The written guarantee or promise provided by the warranter.
- The product comes with a five-year warranty.
- Warrant (noun/verb): As a noun, it is the document constituting the guarantee. As a verb, it means to provide a formal assurance.
- (n) The certificate of authenticity serves as a warrant. (v) The evidence does not warrant such drastic action.
Synonyms
- Guarantor: One who gives a guarantee or acts as a surety.
- Surety: A person who takes responsibility for another's performance or debt.
- Underwriter: Specifically in finance and insurance, one who assumes risk and liability in return for a premium.
Related Phrases
- To stand as warranter: To act in the capacity of providing a guarantee.
- The bank agreed to stand as warranter for the loan.
Noun
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one who provides a warrant or guarantee to another
