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 ?
Court of Appeals for the Fifth Circuit held that Liv was still entitled to William's pension benefits, notwithstanding the fact that she was William's ex-spouse and had specifically waived her right to the benefits in the parties' divorce decree.
In addition to their other advantages, waived tests are about 60% the cost of moderately complex tests.
Beigel notes that a variety of educational resources for waived labs are available, including COLA's own voluntary waived testing program.
500 billion rupees of sales tax were waived off and in 2009-10 Rs 27.
Their medical supplier informed me about the many other kits available and clarified that the kit the lab was using was his only waived "mono" kit approved for pediatric use.
The IRS, understandably, would be interested in pursuing the very tax advice for which protection will have been waived.
Similarly, taxpayers that participated in Florida's amnesty program waived their rights to appeal taxes reported under it.
Monthly administration fees on health reimbursement arrangements will also be waived for one policy year for all new insurance sales with effective dates between October 1, 2006 and January 31, 2007.
Customs duty exempted through SROs during the period 2008-9 to December 2012-13 including Rs 72,486 million custom duties has been waived off during 2008-9.
The waived tests were defined as laboratory procedures that employed methodologies so simple and accurate as to render the likelihood of erroneous results negligible or to pose no reasonable risk of harm to the patient if the tests are performed incorrectly.
Judson said the state has already waived some fees, and fees waived by the town will hasten the construction of Cold Spring Brook Place on Route 146 North, and Sutton Plaza Expansion.
Any player waived under the amnesty provision would receive his full salary from his former team and be immediately eligible to sign a new contract with another team.