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 Supreme Court's decision in Kennedy resolved the split among various state and federal jurisdictions, many of which had held that a divorce decree is sufficient to waive an ex-spouse's interest in her former spouse's pension plan, even if the decedent had not removed the ex-spouse as beneficiary.
Invesco (800-525-8085) waives its minimum initial investment requirement through the EasiVest plan.
612, 1979), the court considered whether the taxpayer intended to waive the right of privilege and the precautions taken to prevent disclosure.
If Narendra Modi can waive Rs 3 lakh crore for his 10-15 big industrialist friends, then why not waive off farm loans for farmers?
The new product, offered by Pruco Life Insurance Co., will waive premiums in the event of a disability before age 65, with the waiver staying in effect until the insured recovers or turns 65, whichever comes first.
Continuing his tirade against the Prime Minister, Rahul said that Prime Minister Modi talks about farmers in every meeting but does not waive off farm loans.
Chief Minister of Chhattisgarh Bhupesh Baghel, too, soon after taking charge yesterday announced that his government will waive off farm loans within 10 days as promised.