long-duration guarantee
[lɔŋ djuˈreɪʃən ɡærənˈti]
nounpl: long-duration guarantees
garantia de longa duração
1. A warranty or assurance provided by a manufacturer or seller that extends over an extended period, typically covering defects, malfunctions, or failure of a product or service
The electronics company offers a long-duration guarantee of up to 10 years on all appliances.
A empresa de eletrônicos oferece uma garantia de longa duração de até 10 anos em todos os eletrodomésticos.
2. In finance and insurance, a commitment or pledge to cover losses or liabilities over an extended timeframe
The bank provided a long-duration guarantee for the infrastructure project spanning 20 years.
O banco forneceu uma garantia de longa duração para o projeto de infraestrutura abrangendo 20 anos.
In Brazil, long-duration guarantees are heavily regulated by the Consumer Protection Code (Código de Defesa do Consumidor), which mandates specific warranty periods for different product categories. Manufacturers often emphasize long-duration guarantees as a mark of quality and consumer trust. In the USA, extended warranties on electronics and appliances are commonly marketed as 'peace of mind' products, often sold separately from the original purchase.
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