What does 'Working Order' mean?

What does "Working Order"mean? The last thing you would want is to walk into your brand new home and find your microwave not working, laundry machines not working, etc! 
This brings us to our topic today...
This topic is a hot one and one that not a lot of people know and understand. 
It's a VERY important clause to understand on the buy side and sell side. 
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