Business Dictionary :
Warn, Warning, Warrant,
Warrantee, Warrantor and Warranty
Warn : verb : to say that there is a possible danger
• He warned the shareholders that the dividend might be cut.
• The government warned of possible import duties.
: You warn someone of
something or that
something may happen.
: notice of possible danger
• To issue a warning
• Warning notices were put up around the construction site.
(a) to guarantee
• All the spare parts are warranted.
(b) to show that something is reasonable
• The company's volume of trade with the USA does not warrant six trips a year to New York by the sales director.
: official document which allows someone to do something
= cheque which makes payment of a dividend
= document which says that someone has the right to a number of shares in a company
: person who is given a warranty
: person who gives a warranty
(a) guarantee or legal document which promises that a machine will work properly or that an item is of good quality
• The car is sold with a twelve-month warranty.
• The warranty covers spare parts but not labour costs.
(b) promise in a contract
Breach of Warranty
= failing to do something which is a part of a contract
(c) statement made by an insured person which declares that the facts stated by him are true
: The rights issue will grant shareholders free warrants to subscribe for further new shares. (Financial Times)
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