It means the manufacturer is required to offer to buy it back. If the manufacturer resells it after fixing the issues, there must be paperwork attached and given to the next purchasers stating that it was a lemon.
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You can sometimes deal with performance issues by caching, if you want to trade one hard problem for another (cache invalidation). There's plenty of cases where that's not a solution though. I recently had a 1ns time budget on a change. That kind of optimization is fun/impossible to do in Python and straightforward to accomplish Rust or C/C++ once you've set up your measurements.