repair and replace provisionglossary / REPAIR-AND-REPLACE PROVISION repair-and-replace provision. A contractual clause providing that a product’s defect will be remedied by repairing or replacing the defective part or product. 词条贡献者 资深译员Lynn,知名国际商学院金融专业,专注翻译各种与贷款人责任及其他银行业与金融机构诉讼有关的法律文件。