WAIVER Meaning and
Definition
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A waiver is a noun that refers to an official document or statement that establishes or acknowledges a particular right, claim, or privilege granted to an individual or entity, often by waiving certain conditions, requirements, or obligations. It can be seen as a formal relinquishment of one's rights or a voluntary surrendering of a legal or contractual obligation.
The term waiver is commonly used in legal contexts, indicating a conscious decision to forfeit or give up a known or potential right. It is often employed in situations where individuals or organizations seek exemption from specific rules, regulations, or requirements that would normally be imposed upon them. By signing a waiver, a person acknowledges their understanding and acceptance of the potential risks or consequences associated with their actions, thereby relieving the other party of any liability.
Moreover, a waiver can also function as a noun to describe the act of intentionally abandoning, renouncing, or abstaining from something. For instance, an individual may choose to sign a waiver relinquishing their claim to an inheritance, stating their voluntary decision to forgo any share or benefits associated with it.
In summary, a waiver is a written or verbal acknowledgment or agreement that relinquishes or exempts an individual or organization from certain rights, obligations, or requirements, either of one's own accord or due to a mutual agreement with another party.
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One who does not insist on some right or claim; the act of one who waives.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for WAIVER *
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Other Common Misspellings for WAIVER
Etymology of WAIVER
The word "waiver" is derived from the Old Northern French term "waif", meaning "abandoned property" or "stray". It eventually evolved in Middle English to refer to a legal document releasing someone from a particular claim or right. Over time, the spelling changed to "waiver", and it became widely used in legal contexts to indicate the voluntary relinquishment or surrender of a right or privilege.
Similar spelling words for WAIVER
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