Hi CBZ1904,
Predefined configuration item types are the templates that define what data is created and stored about a specific configuration item. Asset Management Suite provides predefined configuration item types for many types of assets.
For example, in the category Contracts you have:
Contract, Lease Schedule, Master Lease, NDA, Service Level Agreement, Warranty.
HOWTO45857 have information about contract configuration item types - http://www.symantec.com/docs/HOWTO45857
Warranties consist of hardware details, schedule, and financial information. The warranty contract type lets you track the information that relates to the warranty. For example, you can track payments, expiration date, and associated serial numbers.
Regards,
Fábio Sanches