Caveat Subscriptor

DEFINITION of 'Caveat Subscriptor'

A latin term that means "let the seller beware." Caveat subscriptor means that any defect or shortcoming in a good or service that is sold to a willing buyer is the responsibility of the seller. Caveat subscriptor is generally applicable in highly-regulated markets and markets where competition is high.

BREAKING DOWN 'Caveat Subscriptor'

For example, Frank sells a car to Jim with the promise that the car is in good condition and is running smoothly. The car doesn't start when Jim tries to drive it away after paying Frank for the car. Frank is responsible for repairing the car under the caveat subscriptor doctrine.

RELATED TERMS
  1. Caveat

    A Latin term that means "let him beware." Caveats have many applications ...
  2. Caveat Emptor

    A neo-Latin phrase meaning "let the buyer beware." It is a principle ...
  3. Selling Out Of Trust

    A term commonly used in the automobile industry to refer to the ...
  4. Franking Credit

    A type of tax credit found in countries such as Australia that ...
  5. Seller

    1. An individual or entity that exchanges any type of good or ...
  6. Purchase-Money Mortgage

    A mortgage issued to the borrower by the seller of the home as ...
Related Articles
  1. Personal Finance

    7 Mistakes to Avoid When Buying a Used Car

    Understand the benefits of buying a used car. Learn about seven mistakes to avoid before making a used car purchase.
  2. Personal Finance

    Options For When You Can No Longer Afford Your Car

    If you have more car than you can afford, here are four ways to deal with this "debt on wheels."
  3. Retirement

    Is It Worth Buying a New Car If You're Already Retired?

    You have to consider more than just the purchase price: Insurance, the warranty, resale value and how much you plan to drive are all important factors.
  4. Personal Finance

    How Risky Are Long-Term Car Loans?

    A look under the hood of long-term car loans.
  5. Investing

    Car Shopping: New Or Used?

    Don't get taken for a ride. Learn the pros and cons before the salesperson makes a pitch.
  6. Personal Finance

    How To Get A Good Deal On A Used Car

    Why are prices quoted by dealers and private sellers so disparate? Read on to find out how to use that info to your benefit when buying a used car.
  7. Personal Finance

    Wheels Of A Future Fortune

    Buy a quality car without driving your expenses through the roof.
  8. Personal Finance

    The Ins And Outs Of Seller-Financed Real Estate Deals

    There's more than one way to buy or sell a house. Seller financing presents yet another unique option.
  9. Investing

    Top Tips for Buying or Selling a Car

    If you're selling your car or buying one, here are several tips and tools to make sure your price is the right one.
  10. Markets

    The 5 Things You Never Knew About Auto Loan Rates

    Buying a new car is an important decision, and if you're a savvy auto buyer, you know that getting a good deal involves more than snagging a great price.
RELATED FAQS
  1. Would it benefit us to take a 401k loan for a car instead of a car loan?

    My husband recently had a huge increase in his salary, we are paying a lot of taxes on it.  ... Read Answer >>
  2. When buying a car, is it better to have a trade in or a down payment?

    When buying a car, it may be better to have a down payment rather than a trade in. A trade in offers convenience to the car ... Read Answer >>
  3. What are the differences between Ex Works (EXW) and Free On Board (FOB)?

    Learn about Ex Works and Free on Board, the main difference between these Incoterms, and the responsibilities of buyers and ... Read Answer >>
  4. Should I keep our money in savings or pay off our car?

    We have about $47,000 in savings. We have a monthly income of about $3,000. Our ages are 75 and 77. Wi... Read Answer >>
  5. Does private school tuition figure into our monthly debt when calculating our DTI?

    We spend about $1,000/month on private school for our kids. ... Read Answer >>
  6. How is it possible to trade on a stock you don't own, as is done in short selling?

    Understand how the process of short selling allows a person to sell a stock he or she doesn't technically own by borrowing ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center