waiver


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Waiver

A statement of the voluntary surrender of a right. For example, suppose a company provides customers a service that might be dangerous, such as bungee jumping. The company may require customers to sign a waiver relinquishing the right to sue the company for negligence if a problem occurs. This reduces the company's risk in the conduct of its business.

waiver

The voluntary relinquishment of a known right, remedy, claim, or privilege.
References in periodicals archive ?
Even if a progress, or interim, waiver is being signed, it is important to review the body and specifically the dates listed to ensure the proper payment timetable, he advised.
Upon a utilisation of the waiver, Moberg Pharma will pay a consent fee to the holders of the bonds of 0.
USCIS may now allow applicants to apply for provisional waiver despite having been scheduled for a visa interview prior to 2013.
The waiver power in Article IX Paragraph 3 of the WTO Agreement is one of few competences of the WTO's political organs to make binding decisions.
Different types of immigration waivers also exist that can help individuals avoid penalties for certain events in their past.
Overall, previous research suggests that we must distinguish between different waiver categories, evaluate attrition rates at multiple points in time (as short-term and long-term results may differ), and evaluate more than one performance metric.
As a general rule, waiver of subrogation agreements are usually upheld by the courts to preclude an insurer from pursuing a subrogation action.
However, although I know from experience that this criterion is waived in the North Carolina waiver, I still meet North Carolina families that say they do not qualify for the Waiver because someone at the Mental Health Center told them they made too much money.
The waiver would allow the department to spend money much more flexibly than they currently are.
lease, the waiver under the lease was irrelevant to enforcement of the guaranty, and Madison was protected by the provision in the guaranty providing that a failure to take action against Bentley did not affect the guaranty's enforcement.