different between warranty vs surety

English

Etymology

From Old French warrantie, Old Northern French variant of Old French guarantie (Modern French garantie). Doublet of guarantee and guaranty. More at warrant.

Pronunciation

• (US) enPR: wôr'?nti, IPA^(key): /?w??.?n.ti/
• (UK) IPA^(key): /?w?.??n.ti/

Noun

warranty (countable and uncountable, plural warranties)

1. (countable) A guarantee that a certain outcome or obligation will be fulfilled; security.
   • 1691, John Locke, Some Considerations on the consequences of the Lowering of Interest and the Raising of the Value of Money, Thomas Davison, Whitefriars (1823), page 88:

     Those who have had the care and government of politic societies introduced coinage, as a remedy of those two inconveniences. The stamp was a warranty of the public, that, under such a denomination, they should receive a piece of such a weight, and such a fineness; […]
2. (countable, law, real estate, obsolete) An obsolete legal agreement that was a real covenant and ran with the land, whereby the grantor and his heirs of a piece of real estate held in freehold were required to officially guarantee their claim and plead one’s case for the title. If evicted by someone with a superior claim (paramount title) they were also required to hand over other real estate of equal value in recompense. It has now been replaced by personal covenants and the covenant of warranty.
   1. (law, countable, real estate) A covenant, also called the covenant of warranty, whereby the grantor assures the grantee that he or she not be subject to the claims of someone with a paramount title, thereby guaranteeing the status of the title that is being conveyed.
3. (countable, law) A legal agreement, either written or oral (an expressed warranty) or implied through the actions of the buyer and seller (an implied warranty), which states that the goods or property in question will be in exactly the same state as promised, such as in a sale of an item or piece of real estate.
4. (countable) A written guarantee, usually over a fixed period, provided to someone who buys a product or item, which states that repairs will be provided free of charge in case of damage or a fault.

   I took out an extended warranty on my television for five years at a cost of $100.

   I made sure to check the terms of my warranty for my computer to ensure I was covered in case it broke down.

   It's always a good idea to get a good warranty on anything you buy that you think may break down.

5. (countable, insurance law) A stipulation of an insurance policy made by an insuree, guaranteeing that the facts of the policy are true and the insurance risk is as stated, which if not fulfilled renders the policy void.
6. (uncountable, rare) Justification or mandate to do something, especially in terms of one’s personal conduct.
   • 1683, John Kettlewell, An Help and Exhortation to Worthy Communicating, 379:

     […] Since, if they disobey any precept, that is no excuse to us, nor gives us any warranty for companies fake to disobey likewise.

Translations

Verb

warranty (third-person singular simple present warranties, present participle warrantying, simple past and past participle warrantied)

1. To warrant; to guarantee.

References

• warranty in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.

English

Etymology

From Middle English surete, attested since the early 1300s in the sense "guarantee, promise, pledge, assurance", from Anglo-Norman seurté/Old French seurté with the same meaning (whence modern French sûreté), from Latin s?c?rit?s. Equivalent to sure +? -ty. The senses "security, safety, stability" and "certainy" are attested since the late 1300s. "One who undertakes to pay if another does not" is from the early 1400s. Doublet of security.

Pronunciation

• (Received Pronunciation) IPA^(key): /??????ti/, /??????ti/
• (General American) IPA^(key): /?????ti/, /??????ti/

Noun

surety (countable and uncountable, plural sureties)

1. Certainty.

   • Know of a surety, that thy seed shall be a stranger in a land that is not theirs.

   • For the more surety they looked round about.

2. That which makes sure; that which confirms; ground of confidence or security.
3. (law) A promise to pay a sum of money in the event that another person fails to fulfill an obligation.
4. (law) One who undertakes to pay money or perform other acts in the event that his principal fails therein.
5. A substitute; a hostage.
6. Evidence; confirmation; warrant.

Translations

See also

• guarantor
• surcharge
• surcharged
• indorsement

Anagrams

• Steury, tuyers