What does waiver stand for?

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 does Payment waiver mean?

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.

Does waive mean allow?

to refrain from claiming or insisting on; give up; forgo: to waive one's right;to waive one's rank;to waive honors. Law. to relinquish (a known right, interest, etc.) intentionally.

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.

What is waiving a loan?

From Wikipedia, the free encyclopedia. A loan waiver is the waiving of the real or potential liability of the person or party who has taken out a loan through the voluntary action of the person or party who has made the loan.

Is waive the same as Cancel?

As verbs the difference between waive and cancel is that waive is (obsolete) to outlaw (someone) or waive can be (obsolete) to move from side to side; to sway while cancel is to cross out something with lines etc.

What is the opposite of waiver?

waive. Antonyms: press, urge, enforce, assert, claim, vindicate. Synonyms: forego, abandon, remit, cancel, drop, relinquish, castoff.

Does waived mean free?

Definition of waive transitive verb. 1a : to relinquish (something, such as a legal right) voluntarily waive a jury trial. b : to refrain from pressing or enforcing (something, such as a claim or rule) : forgo waive the fee.