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 ?
The four kinds of lien waivers are: conditional progress and unconditional progress, and conditional final and unconditional final.
The following gives a brief overview of the different types of waivers that have been adopted and then focuses on the use of the waiver as an exception granted to individual members to realize collective preferences.
Different types of immigration waivers also exist that can help individuals avoid penalties for certain events in their past.
5) He finds that recruits with felony, drug/alcohol, or serious offense waivers were the most likely to attrite, as were those who were non-high school graduates or in aptitude categories IV.
This is consistent with most subrogation waivers which limit their application to the work to be performed by the contractor.
Statements included in this press release about Impsat's Notes, the Offer, the proposed amendments to the indentures, the waivers, and the proposed merger are forward-looking statements.
The final rule also makes changes to Form I-601A, Application for Provisional Unlawful Presence Waiver.
Under the waiver, the department will have a large pool of money that can be spent to help families improve parenting skills, control their anger, obtain mental health services and overcome addictions and homelessness.
Partial waivers can completely waive mechanics' lien or bond rights for unpaid deliveries in the future, even if the initial progress payment is very small and even if valuable labor and materials are supplied later.
By not enforcing parental preinjury waivers, it will be nearly impossible for organizations, whether nonprofit or for-profit, to assess and manage the risk as to any activities related to minors.
The Medicaid Waivers are crucial to the community life of individuals with significant disabilities and their families.
But we are extremely hopeful that the amount of available funding will increase as we begin to see successes from the waiver implementation.