Waiver

Waiver
The voluntary action of a person or party that removes that person's or party's right or particular ability in an agreement. The waiver can either be in written form or some form of action. A waiver essentially removes a real or potential liability for the other party in the agreement.

For example, in a settlement between two parties, one party might, by means of a waiver, relinquish its right to pursue any further legal action once the settlement is finalized. A waiver carried out by an action, for example, might be based on whether a party in an agreement acts on a right, such as the right to terminate the deal in the first year of the contract. If it does not terminate the deal before the first year, that party waives its right to do so in the future.


Investment dictionary. . 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 — 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.… …   Financial and business terms

  • 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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