Main Entry:

waiv·er

Pronunciation:

\ˈwā-vər\

Function:

noun

Etymology:

Anglo-French weyver, from waiver, verb

Date:

1628

1: the act of intentionally relinquishing or abandoning a known right, claim, or privilege ; also : the legal instrument evidencing such an act2: the act of a club's waiving the right to claim a professional ball player who is being removed from another club's roster —often used in the phrase on waivers denoting the process by which a player to be removed from a roster is made available to other clubs