Share This Article:

Economic Definition of caveat emptor. Defined.

Offline Version: PDF

Term caveat emptor Definition: A handy little latin term meaning to "let the buyer beware." It's a warning to buyers that sellers will try to extract a high price for low-quality stuff, and a heed that every hardworking consumer of the third estate should take. If you find you've been "taken", note that government has established consumer protection guidelines that businesses are legally compelled to follow. As such, you can seek action through the Federal Trade Commission, Consumer Product Safety Commission, your state attorney general, and in all likelihood your local police department.


« cause and effect | caveat venditor »


Alphabetical Reference to Over 2,000 Economic Terms