as is

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As is

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.

as is

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 is

adjective 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
References in periodicals archive ?
Real estate transactions often fall out of escrow because buyers use a home inspection report as a redress of grievances or because sellers are rigidly resistant to anything but an as-is sale.
Fully documenting the As-Is processes gives you an understanding of the differences across the different countries, plants or sites.
Regression equations for gross energy concentrations in copra byproducts (kcal/kg, as-is basis; n = 388).
The overall average alert rate in the As-Is model including the 180-day warm-up period, is 97.
In many cases, VM software makes it possible for administrators to move legacy applications as-is to a new platform, allowing them to focus on the immediate concerns of configuring new hardware and software with the peace of mind that their business-critical legacy applications will continue to function nominally.
Let the cross-functional team chart as-is account-team collaboration business processes.
The 25 odd ones were partially rebuilt and the rest were issued as-is.
Baptist intends to use the church property as-is for meeting space and such for the time being.
I can understand that you have issues of space, and that you never promised to print the bio as-is.
If the DTSC had been responsible for evaluating this site,'' Koff said, ``the public and the school board members would have known not to buy the $30 million site on an as-is basis.
Just below Houston Street on Manhattan's Lower East Side, stands a picturesque, decaying former synagogue, which its owner, Angel Orensanz, rents as-is for productions.
It can be purchased as-is or refurbished and guaranteed for up to six months.