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waiver

waiv·er [ wáyvər ] (plural waiv·ers)


noun 
Definition:
 
1. relinquishing of right: the voluntary surrender of a right or claim

2. document containing waiver: a document or formal statement giving up a right or claim, or an action indicating an intention to waive something

3. act of giving up claim on player: the act of a sports team in giving up the right to claim a professional ball player who has been removed from another team's roster


Spelling Note

See waive.

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