waiver

noun waiv·er \ ˈwā-vər \
Updated on: 8 Nov 2017

Definition of waiver

1 :the act of intentionally relinquishing or abandoning a known right, claim, or privilege; also :the legal instrument evidencing such an act
2 :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

Examples of waiver in a Sentence

  1. a criminal defendant's waiver of a jury trial

  2. The college got a special waiver from the town to exceed the building height limit.

  3. He signed an insurance waiver before surgery.

Recent Examples of waiver from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'waiver.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of waiver

Anglo-French weyver, from waiver, verb


Financial Definition of WAIVER

waiver

What It Is

A waiver is a party's voluntary renunciation of rights in a contractual arrangement.

How It Works

When two parties enter into a contract, they often agree to forfeit some of their respective rights or claims. Either party may use a waiver -- expressed either in writing or through the performance of a specific deed -- to officially give up a privilege, right, or claim.

For example, one party might sign a waiver stating that he or she will not take legal action against the other party if there is some unintentional wrongdoing.

Why It Matters

It is important to remember that a party who signs a waiver is surrendering his or her right to pursue a course of action (file a lawsuit, receive compensation, etc). In most cases, a party will sign a waiver only if he or she receives a benefit in exchange for doing so.



WAIVER Defined for English Language Learners

waiver

noun

Definition of waiver for English Language Learners

  • : the act of choosing not to use or require something that you are allowed to have or that is usually required

  • : an official document indicating that someone has given up or waived a right or requirement


Law Dictionary

waiver

noun waiv·er \ ˈwā-vər \

legal Definition of waiver

:the act of intentionally or knowingly relinquishing or abandoning a known right, claim, or privilege; also :the legal instrument evidencing such an act — compare estoppel, forfeiture
Note: Acts or statements made while forming or carrying out a contract may constitute a waiver and prevent a party from enforcing a contractual right (as when an insurer is barred from disclaiming liability because of facts known to it when it issued the insurance policy). Varying standards are applied by courts to determine if there has been a waiver of various constitutional rights (such as the right to counsel) in criminal cases.

Origin and Etymology of waiver

Anglo-French, from waiver to waive



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