From The Collaborative International Dictionary of English v.0.48 [gcide]:
Warranty \War"rant*y\, n.; pl. {Warranties}. [OF. warantie, F.
garantie. See {Warrant}, n., and cf. {Guaranty}.]
[1913 Webster]
1. (Anc. Law) A covenant real, whereby the grantor of an
estate of freehold and his heirs were bound to warrant and
defend the title, and, in case of eviction by title
paramount, to yield other lands of equal value in
recompense. This warranty has long singe become obsolete,
and its place supplied by personal covenants for title.
Among these is the covenant of warranty, which runs with
the land, and is in the nature of a real covenant. --Kent.
[1913 Webster]
2. (Modern Law) An engagement or undertaking, express or
implied, that a certain fact regarding the subject of a
contract is, or shall be, as it is expressly or impliedly
declared or promised to be. In sales of goods by persons
in possession, there is an implied warranty of title, but,
as to the quality of goods, the rule of every sale is,
Caveat emptor. --Chitty. Bouvier.
[1913 Webster]
3. (Insurance Law) A stipulation or engagement by a party
insured, that certain things, relating to the subject of
insurance, or affecting the risk, exist, or shall exist,
or have been done, or shall be done. These warranties,
when express, should appear in the policy; but there are
certain implied warranties. --Bouvier.
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4. Justificatory mandate or precept; authority; warrant. [R.]
--Shak.
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If they disobey precept, that is no excuse to us,
nor gives us any warranty . . . to disobey likewise.
--Kettlewe??.
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5. Security; warrant; guaranty.
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The stamp was a warranty of the public. --Locke.
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Syn: See {Guarantee}.
[1913 Webster]
From The Collaborative International Dictionary of English v.0.48 [gcide]:
Warranty \War"rant*y\, v. t.
To warrant; to guarantee.
[1913 Webster]
From WordNet (r) 3.0 (2006) [wn]:
warranty
n 1: a written assurance that some product or service will be
provided or will meet certain specifications [syn:
{guarantee}, {warrant}, {warrantee}, {warranty}]
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