The voluntary relinquishment or surrenderof a right.

Merriam-Webster Online Dictionary
waiver (noun)
the act of intentionally relinquishing or abandoning a known right, claim, or privilege , also the legal instrument evidencing such an act
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
disclaimer, quitclaim, release
dispensation, exemption, indemnity; abdication, relinquishment, renouncement; handover, renunciation, surrender
« Back to Glossary Index
Exam Pass Guarantee

Risk Free Exam Pass Guarantee

We guarantee to help you pass the Real Estate Salesperson or Broker exams. And if you don’t pass we will refund you in full.