EXTENDED WARRANTY CONTRACTS
\ɛkstˈɛndɪd wˈɒɹənti kˈɒntɹakts], \ɛkstˈɛndɪd wˈɒɹənti kˈɒntɹakts], \ɛ_k_s_t_ˈɛ_n_d_ɪ_d w_ˈɒ_ɹ_ə_n_t_i k_ˈɒ_n_t_ɹ_a_k_t_s]\
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Warranty coverage on an item that kicks in after the warranty coverage provided by the manufacturer or seller expires. Many consumers are encouraged to buy extended warranties (also called service contracts) when they buy cars or appliances. In the case of appliances and electronic equipment, extended warranties are all profit for the seller and not much benefit to the buyer because only about 3% of goods ever break down during an extended warranty period. An extended warranty may make sense, however, if you are buying a brand new model in the first few months after it has been manufactured.
By Oddity Software
Word of the day
Quinones
- Hydrocarbon rings which contain two moieties position. They can be substituted in any position except at the ketone groups.