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What is the difference between warranty and guarantee?

warranty is a promise or guarantee given. A warranty is usually a written guarantee for a product and declares the maker’s responsibility to repair or replace a defective product or its parts. A guarantee is an agreement assuming responsibility to perform, execute, or complete something and offering security for that agreement.

It is a promise or an assurance, especially one given in writing, that attests to the quality or durability of a product or service, or a pledge that something will be performed in a specified manner. A guaranty is an undertaking or promise that is the answer to or payment for a debt or default. A guaranty is also something given or held as security until a debt is paid or the performance of a duty is fulfilled. By the way, warrantee is the person to whom a warranty is made and guarantee is one who makes a guaranty.

22 Comments

  1. jobin joy -  August 19, 2016 - 9:45 am

    My phone has one year warranty during this period my phone have a damage there is way to get new phone?

    Reply
    • Pritam -  August 21, 2016 - 8:40 pm

      Hi Jobin, The warranty may or may not cover all the parts of a phone. Normally warranty do not cover the batteries and screens. Check with the mobile company if the damaged product is covered oin warranty then you can claim free replacement / repair for that part .

      Reply
  2. H M AMINUL ISLAM -  August 9, 2016 - 11:28 pm

    NICE DEFINATION

    Reply
  3. H M AMINUL ISLAM -  August 9, 2016 - 11:27 pm

    NICE DEFINATION WHAT ACCELERATES MY LEARNING

    Reply
    • SonnyNaidoo -  August 19, 2016 - 11:09 am

      definition perfect

      Reply
  4. NICE DEFINATION -  August 9, 2016 - 11:17 pm

    NICE DEFINATION WHAT ENCOURAGES ME TO LEARN MORE

    Reply
  5. Dharmesh -  August 3, 2016 - 10:35 pm

    For my prodect weather I should give gurentee or warranty on my product

    Reply
  6. Vish -  July 29, 2016 - 7:22 am

    In the case of a product, a guarantee allows the product to be returned within a specified period if the buyer is not satisfied with its performance and receive a refund of its purchase price.

    A warranty is a written promise to repair or replace a product, within a specified period, for non-performance, defective parts or other conditions as laid out in the warranty.

    Reply
  7. Vish -  July 29, 2016 - 7:15 am

    A guarantee allows return of a product within a certain period, if performance is not as promised; a warranty on the other hand, holds a promise to repair or replace a product for non-performance during the warranty period.

    Reply
  8. Dot -  June 28, 2016 - 2:34 am

    Does a warrantee promise to replace faulty goods that were OK on delivery but have failed since.

    Reply
  9. Akash Kulung -  June 19, 2016 - 1:04 am

    both are same.

    Reply
  10. Kazibwe robert -  June 13, 2016 - 10:18 pm

    Not bad.

    Reply
  11. Mr.Flair -  April 7, 2016 - 12:41 am

    thank u

    Reply
  12. VUDATHALA SATYA NARAYANA -  March 15, 2016 - 6:27 am

    I UNDERSTAND THAT GUARANTY IS FOR PERFORMACE AND WARRANTYIS FORN DEFECTIVE SPARE PARTS OR THE EQUIPMENT AS A WHOLE.

    Reply
    • Lol -  July 10, 2016 - 9:33 am

      No caps pls

      Reply
    • sasindran ayadakandiyil -  August 9, 2016 - 11:00 am

      Agree, as per trade parlance, that is the sense. Normally we say guaranteed chemical consumption, for which if there is an increase, some payment is deducted form contractor’s bill.

      Warranty is in general applied for equipment physical integrity

      Reply
  13. gaurav Kumar -  March 14, 2016 - 11:41 pm

    What is the difference between warranty and guarantee?

    Reply
    • Suvendu bhattacharya -  June 17, 2016 - 3:58 am

      In simple terms we can say that warranty is chargeable and gurantee is frre of cost

      Reply
      • sasindran ayadakandiyil -  August 9, 2016 - 10:57 am

        No Mr.
        Guarantee is ALSO chargeable . if u worked in projects u will understand the LD is calculated on the basis of Guarantee give…….

        By the way, an advice: pl do NOT put such Sh*tty statement for a important conceptual query like this. If u dont know, ask others and then comment

        Reply
    • Francis -  August 2, 2016 - 12:44 am

      Difference is there but small bit.

      Reply
  14. aubrey -  March 14, 2016 - 11:28 am

    I think they are almost the same

    Reply
    • Dora - July 21st, 2016 -  July 21, 2016 - 2:30 pm

      Warranty is the commitment to do or deliver or respond for anything, while guaranty is what you let the other hold to secure compliance.

      Reply

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