waiver
The athlete signed a waiver before the high-risk training session.
The athlete gave up certain legal rights by signing the waiver.
A formal document in which a person voluntarily gives up a right, claim, or privilege, often for legal or contractual purposes.
The insurance company required a waiver before covering extreme sports activities.
The waiver was necessary to limit the company's liability for high-risk activities.
Waivers are commonly used in contracts, insurance policies, and liability agreements.
A legal document that releases one party from liability or responsibility for a specific action or event.
The company issued a waiver to employees before the off-site team-building event.
The waiver protected the company from legal claims in case of accidents during the event.
Waivers are often used in business to manage risk and limit legal exposure.
An agreement to forgo a right or benefit, often in exchange for another advantage or compensation.
The investor signed a waiver to waive certain rights in the merger agreement.
The waiver allowed the merger to proceed by removing potential legal obstacles.
Waivers in finance often involve complex legal and contractual considerations.
Collocations
Antonyms
Related Phrases
Pro Tip
Legal Context
Waivers are legally binding documents, so always read them carefully before signing.
Business Use
Companies often use waivers to protect themselves from legal claims in high-risk activities.
Gold Rule
Voluntary Nature
A waiver must be signed voluntarily; it cannot be coerced.
Clear Language
Waivers should use clear, unambiguous language to avoid misunderstandings.
Word Origin
From Middle English 'waiven,' meaning to abandon or relinquish a right, derived from Old French 'waiver,' from 'waiver' (to abandon).
Usage Notes
Waivers are typically used in formal, legal, or contractual contexts. They are often required to limit liability or clarify responsibilities.