As Is

Business, Legal & Accounting Glossary

Definition: As Is



What is the dictionary definition of As Is?

Dictionary Definition


adj. description of a condition in a sales contract in which the buyer agrees to take the property (e.g. house, horse, auto, or appliance) without the right to complain if it is faulty. However, the buyer must have had the right to reasonable inspection, so that he/she has a chance to find any obvious deficiency. Intentionally hiding a known defect will make a seller liable for fraud and serves to cancel the “as is” provision.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/as-is/
Modern Language Association (MLA):
As Is. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 30, 2020 https://payrollheaven.com/define/as-is/.
Chicago Manual of Style (CMS):
As Is. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/as-is/ (accessed: November 30, 2020).
American Psychological Association (APA):
As Is. PayrollHeaven.com. Retrieved November 30, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/as-is/

Definition Sources


Definitions for As Is are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 1 Views.