waiv·er

[wey-ver]
noun Law.
1.
an intentional relinquishment of some right, interest, or the like.
2.
an express or written statement of such relinquishment.

Origin:
1620–30; < Anglo-French weyver, noun use of weyver to waive; see -er3

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World English Dictionary
waiver (ˈweɪvə) [Click for IPA pronunciation guide]
 
n
1.  the voluntary relinquishment, expressly or by implication, of some claim or right
2.  the act or an instance of relinquishing a claim or right
3.  a formal statement in writing of such relinquishment
 
[C17: from Old Northern French weyver to relinquish, waive]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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00:10
Waiver is always a great word to know.
So is quincunx. Does it mean:
an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
Example sentences
Watch out for tumbleweeds rolling through the waiver wire this week.
Those that affirm their support for him do understand and are not about to
  waiver in their support.
Cooper agrees to comply, saying he had received a specific waiver from his
  source to do so.
For fantasy purposes, though, he showed an upside that makes him worthy of the
  top waiver claim this week.
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