Latin. Let the buyer beware. The legal principle that, unless the quality of a product is guaranteed in a warranty, the buyer purchases the product as it is and cannot hold another liable for any defects. Statutes and court decisions concerning products liability and implied warranties have substantially altered this rule. C corporation See corporation. C.D. abbr.See certificate of deposit. n. cease and desist order A court or administrative agency's order prohibiting a person or entity from ...