Reference > The New Dictionary of Cultural Literacy > 18. Business and Economics
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  The New Dictionary of Cultural Literacy, Third Edition.  2002.
 
Caveat emptor
 
 
(KAV-ee-aht, KAH-vee-aht EMP-tawr) Latin for “Let the buyer beware.” It means that a customer should be cautious and alert to the possibility of being cheated: “Caveat emptor is the first rule of buying a used car.”  1
 
 
The New Dictionary of Cultural Literacy, Third Edition. Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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