waiver
noun
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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
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Examples of waiver in a Sentence
Recent Examples on the Web
The failure of Bloomberg to exercise or enforce any right or provision of the TOS shall not constitute a waiver of such right or provision. — Bloomberg, "Terms of Service," 8 July 2018 Under Trump, federal officials have discussed revoking that waiver, a move that would likely lead to a court battle. — Kurtis Alexander, SFChronicle.com, "Progress on environment could slow on Supreme Court without Kennedy," 29 June 2018 Another travel analyst had criticized American Airlines for not offering travel waivers, which would have allowed customers to choose other flights. — Cassie Cope, charlotteobserver, "After 3,000 flights were canceled, American aims to prevent similar trouble," 28 June 2018 Few expected the waivers to be granted, but Tuesday’s abrupt announcement, which largely ruled them out, could cause further strains. — New York Times, "Roiling Markets, U.S. Insists World Must Stop Buying Iranian Oil," 26 June 2018 So O’Neal applied for the waiver, only to be rejected. — Bill Rankin, ajc, "Military spouse goes to court to become Georgia lawyer," 15 June 2018 Headley cleared waivers, which was not surprising considering any team claiming him would be responsible for paying the remainder of his $13 million salary . . . — BostonGlobe.com, "Patriots owner Robert Kraft deposed in Colin Kaepernick case," 19 May 2018 Her home care service is covered under the New Opportunities waiver, a Medicaid program that would be cut by $13.5 million under the current budget proposal. — Maria Clark, NOLA.com, "Vulnerable Louisiana Medicaid recipients fear worst-case budget scenario," 9 May 2018 Only highly select loans were eligible for appraisal waivers, primarily those with sizable down payments (20 percent and up) plus previous appraisals on file. — Kenneth R. Harney, miamiherald, "Appraisal-free loans save millions for buyers | Miami Herald," 2 May 2018These 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.
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More Definitions for waiver
waiver
nounFinancial Definition of 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.
Source: Investing Answers
waiver
noun
English Language Learners Definition of waiver
: 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
See the full definition for waiver in the English Language Learners Dictionary
waiver
noun
\
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.
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