Compact fluorescents, also known as CFLs, provide as much light as regular incandescent bulbs while using just one-fourth of the energy. For example, a 15-watt compact fluorescent light bulb yields the same amount of light as a 60-watt incandescent bulb.
A warranty may be express or implied, depending on whether the warranty is explicitly provided (typically written) and the jurisdiction. Warranties may also state that a particular fact is true at one point in time or that the fact will be continue into the future (a promissory or continuing warranty).ut it is different from a 2 year warranty because if the buyer starts wearing the coat 5 years after buying it, and finds it wears out a year later, the buyer would have a warranty claim in Year 6. On the other hand, a 10 year performance warranty would promise that the coat would last 10 years.
In finance, a warrant is a security that entitles the holder to buy the underlying stock of the issuing company at a fixed price called exercise price until the expiry date. Warrants and options are similar in that the two contractual financial instruments allow the holder special rights to buy securities. Both are discretionary and have expiration dates. The word warrant simply means to endow with the right, which is only slightly different from the meaning of option. Warrants are frequently attached to bonds or preferred stock as a sweetener, allowing the issuer to pay lower interest rates or dividends.