Guarantee Vs. Warranty

Some people think guarantee and warranty is same, but it's not. Knowing the difference can help you make better shopping choices.

Guarantee: Guarantee is a legal promise made by a manufacturer or retailer that the product is of highest quality, and in case of a failure, customers get a replacement or refund.

Example: I choose that refrigerator mainly because of its 30 day money back guarantee policy.

Warranty: Warranty is a legal promise made by a manufacturer or retailer that they are willing to repair or replace parts of a product, but not completely replace or refund it.

Example: The charger I received with my phone has stopped working. I got that replaced as my phone is still under warranty period.