What does waiver stand for?
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.
What is the synonym of waiver?
Frequently Asked Questions About waive Some common synonyms of waive are abandon, relinquish, resign, surrender, and yield. While all these words mean “to give up completely,” waive implies conceding or forgoing with little or no compulsion. waived the right to a trial by jury.
Is there a word waiver?
A waiver is a formal statement giving up a right. When you sign a waiver, you’re voluntarily giving up a privilege or legal right. A waiver is often required before you participate in something dangerous.
What is a example of waiver?
Examples of waivers include the waiving of parental rights, waiving liability, tangible goods waivers, and waiver for grounds of inadmissibility.
What is a waiver payment?
When a party to a contract voluntarily surrenders a claim or a right, it is known as a waiver. Essentially, the giving up on the claim must be voluntary, and the waiver must free the other party to the contract of any liability. It means that the other party will be relieved of any obligation to pay.
What is a voluntary waiver?
A waiver is the voluntary relinquishment or surrender of some known right or privilege. When the right to hold a person liable through a lawsuit is waived, the waiver may be called an exculpatory clause, liability waiver, legal release, or hold harmless clause.
What is the opposite of a waiver?
Opposite of an act or instance of waiving a right or claim. accept. allowance. approval. claim.
What is a waiver used for?
A waiver is a legal agreement the primary purpose of which is to let you or another party modify or relinquish a right, privilege, or claim. The agreement can be a separate document on its own, such as if you sign a waiver form, or added to a contract as a waiver clause.
What is a government waiver?
A waiver is the voluntary relinquishment or surrender of some known right or privilege. Regulatory agencies of state departments or the federal government may issue waivers to exempt companies from certain regulations.
What does payment waived mean?
To waive a charge means to agree that it will not be charged. Suppose you rent something from me and return it late. Normally, you might owe me a fee for returning it late. However, if you are a good customer and were only a little late, I might agree not to charge you this fee. I have waived the fee.
What is a bank waiver?
Bank Waiver means the waiver of certain restrictions in the Credit Agreement, without which the issuance of the Notes would constitute a default under the Credit Agreement.
Which is the best definition of the word waiver?
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. Synonyms Example Sentences Learn More about waiver.
What does it mean to have a Medicaid waiver?
A Medicaid waiver is a provision in Medicaid law which allows the federal government to waive rules that usually apply to the Medicaid program.
What does it mean to waive a baseball player?
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.
When to use a waiver in a contract?
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).