warrantor
/ˈwɔrəntər/
noun
- A person or company that gives a formal promise (warranty) that something they sell will be repaired or replaced if it breaks or has problems.
- The warrantor agreed to fix the laptop for free because it was still under warranty.
- The warrantor must honor the terms of the warranty if the product fails within the specified period.
- Before buying a used car, check who the warrantor is and what the warranty covers.
- A person or organization that guarantees that something is true or will happen as stated.
- The bank acted as a warrantor for the loan, promising to pay if the borrower defaulted.
- In the contract, the seller became the warrantor of the property's clear title.
- The insurance company is the warrantor of the policy's benefits.