The voluntary relinquishment or surrenderof a right.
Merriam-Webster Online Dictionary
waiver (noun)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 the right to claim a professional ball player who is being removed from another club's roster - waiving 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
Merriam-Webster Online Thesaurus
waiver (noun)a document containing a declaration of an intentional giving up of a right, claim, or privilege
SYNONYMS:
disclaimer, quitclaim, releaseRELATED WORDS:
dispensation, exemption, indemnity; abdication, relinquishment, renouncement; handover, renunciation, surrender
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