as is(redirected from As-is)
Also found in: Financial.
A term used to describe a sales transaction in which the seller offers goods in their present, existing condition to prospective buyers.
The term as is gives notice to buyers that they are taking a risk on the quality of the goods. The buyer is free to inspect the goods before purchase; but if any hidden defects are discovered after purchase, the buyer has no recourse against the seller. Any implied or express warranties that usually accompany goods for sale are excluded in an "as is" sale.
Contract law and the Uniform Commercial Code regulate "as is" sales.
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.
as isadjective as it is, as it stands, as offered, as presented, as represented, as seen, as shown, as things are, in its present condition, in its present form, in its present state, in the same way, just the same, without warranty
Associated concepts: as is contract, caveat emptor, without covenants or warranties
See also: a priori