waiver

(redirected from Waivor)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

waiver

The voluntary relinquishment of a known right, remedy, claim, or privilege.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.