Limited warranty

Definition:

A warranty with certain conditions and limitations on the parts covered, type of damage covered, and/or time period for which the agreement is good.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Liquid

In context of securities, easily traded or converted to cash. In context of a corporation, the state of having enough cash and cash equivalents to cover short-term obligations.

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