Fact

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ Go Premium Index — Click the ᐅ to expand: Glossary Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

An assertion about a state of fairs in the universe out there, beyond one’s intellectual apparatus; res extensa in the argot of Cartesian metaphysics, and not res cogitans.. To be distinguished from mere opinion, and particularly, legal opinion. Thus, the sort of thing one attests to by way of representation or warranty. Not the sort of thing your learned counsel will deign to advise you on.

See also

• Representations and warranties
• Legal opinion