waiver

waiver
The agreement of a lender to overlook a borrower's failure to meet one or more conditions attached to the granting of a credit - conditions that would, in the absence of a waiver, give the lender the right to declare the loan to be in default. American Banker Glossary

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waiver waiv‧er [ˈweɪvə ǁ -ər] noun [countable]
LAW an official statement that a right, rule etc can be waived:
waiver of

• Creditors agreed to a 30-day waiver of interest payments.

colˈlision ˌdamage ˌwaiver abbreviation CDW INSURANCE
a payment that you make when renting a car so that you do not have to pay the cost of any damage to the car. If you do not pay the CDW, you have to pay a part of the cost of repair if the car is damaged

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waiver UK US /ˈweɪvər/ noun [C]
an official decision that a rule, or agreement does not have to be obeyed, or that you will not ask for something that you have a right to: grant/obtain/sign a waiver »

Contributors signed a waiver giving up any rights to future profits.

»

The company recovered $12 million of its start-up costs from a waiver of state income taxes.

See also COLLISION DAMAGE WAIVER(Cf. ↑collision damage waiver)

Financial and business terms. 2012.

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Look at other dictionaries:

  • waiver — waiv·er / wā vər/ n [Anglo French, from waiver to waive]: 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 ◇ Acts… …   Law dictionary

  • waiver — (n.) act of waiving, 1620s (modern usage is often short for waiver clause); from Anglo French legal usage of infinitive as a noun (see WAIVE (Cf. waive)). Baseball waivers is recorded from 1907. Other survivals of noun use of infinitives in Anglo …   Etymology dictionary

  • Waiver — Waiv er, n. (Law) The act of waiving, or not insisting on, some right, claim, or privilege. [1913 Webster] …   The Collaborative International Dictionary of English

  • waiver — The voluntary relinquishment of a right (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • waiver — [n] giving up; letting go abandonment, abdication, disclaimer, foregoing, postponement, refusal, rejection, relinquishment, remission, renunciation, reservation, resignation, setting aside, surrender, tabling; concepts 121,318,685 Ant. accept,… …   New thesaurus

  • waiver — ► NOUN 1) an act or instance of waiving a right or claim. 2) a document recording this …   English terms dictionary

  • waiver — [wā′vər] n. [substantive use of Anglo Fr: see WAIVE] Law 1. the act or an instance of waiving, or relinquishing voluntarily, a right, claim, privilege, etc. 2. a formal written statement of such relinquishment …   English World dictionary

  • waiver — The intentional or voluntary relinquishment of a known right, or such conduct as warrants an inference of the relinquishment of such right, or when one dispenses with the performance of something he is entitled to exact or when one in possession… …   Black's law dictionary

  • Waiver — A waiver is the voluntary or surrender of some known right or privilege.While a waiver is often in writing, sometimes a person s actions can act as a waiver. An example of a written waiver is a disclaimer, which becomes a waiver when accepted.… …   Wikipedia

  • Waiver — Als Waiver bezeichnet man in der EU am Börsenhandel zugelassene Tochterunternehmen, deren Mutterkonzern in einem anderen Mitgliedstaat beheimatet ist. Für diese gruppenangehörige Gesellschaften können die Mitgliedstaaten beschließen, unter… …   Deutsch Wikipedia

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