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However these days the words and phrases have subtly different meanings—'warranty' is more specific and 'assurance' is much more common—they were being initially exactly the same word.

Noun And as vital items with the infrastructure are knocked out, there's no ensure that They are going to be repaired or rebuilt, not less than not as they ended up right before.

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'garanties' also present in translations in English-French dictionary management of state-sponsored export credit history ensures

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Hébert was amongst Those people lobbying in the days once the failure to get a bailout, arguing that if The federal government didn’t stage in to ensure deposits, the worries would unfold and will bring about failures at other regional financial institutions. —

The act stipulates the conditions and terms of warranties should be completely and Evidently disclosed to the buyer just before acquire, together with whether it is a complete or confined guarantee.

a guarantee that some thing are going to be completed or will happen, esp. a published promise by a firm to restore or adjust an item that develops a fault inside of a particular timeframe:

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The liabilities of a guarantor in legislation depend on These on the principal debtor, and in the event the principal's obligations stop the guarantor's do as well,[8] other than in sure instances in which the discharge with the principal debtor is by the operation from the legislation.[nine] The co-in depth, secondary character of the liability in the guarantor combined with the indisputable fact that the warranty is a contract to answer default, financial debt, or miscarriage; crucially differentiates the ensure from an indemnity.

a published guarantee by a business to return a buyer's income or fix or change the product when there is a dilemma within just a certain period of time right after getting it:

The legal responsibility incurred by a surety underneath his ensure depends on its terms, and isn't automatically coextensive with that from the principal debtor. It is, on the other hand, clear that the surety's obligation simply cannot exceed that on the principal.[49] By more info quite a few current civil codes, however, a assurance which imposes about the surety a increased liability than that with the principal isn't invalidated but is basically reducible to that on the principal.

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