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 ?
Once the waiving spouse executes the necessary documents, the plan participant or his or her attorney must ensure that they are filed with the plan administrator and that the beneficiary designation is effectively changed.
Fattman abstained from the vote, saying he was in favor of waiving the fees, but wanted more information.
waiving late fees for credit card and other loan balances due to interruption of mail and, or billing statements or the customer's inability to access funds
Waiving your rights of recovery against another party when you have no insurance to cover the loss will certainly leave you vulnerable.
Holmes' attorney Larry Sperber said the reason for waiving the preliminary hearing was privileged information and declined further comment about the case.
Until then, however, the IRS is waiving the requirement under Sec.
We learned that hospitals were waiving emergency room co-payments for inpatient admissions, but not for people who were admitted for diagnostic testing, or other reasons," President Sean Harrigan said at the Board of Administration's regular monthly meeting in San Diego last week.
Something like the Academy Awards makes millions and we are waiving these fees.
That letter should also describe the scope of the Confidentiality Privilege, as contained in the client engagement letter, including warnings against inadvertently waiving the privilege.
As a result of waiving the minimum tender conditions, the Company has extended the expiration date of each of the Exchange Offers to 11:59 p.
That deal is contingent upon Johnson waiving his no-trade clause.
The Service sought to prohibit a trust beneficiary from waiving his right to receive future Crummey notices and waiving his right to withdraw any future gifts.