Meaning of “waiver” in the English Dictionary

(Definition of “waiver” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"waiver" in American English

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waivernoun [ C ]

us /ˈweɪ·vər/

a document that prevents or allows an action that is different from the usual thing:

Applicants pay a $30 to $40 entry fee; fee waivers are available.

If a sports player is on waivers he is leaving one team and joining another:

The Coyotes have claimed center Joel Perrault on waivers from the St. Louis Blues.

(Definition of “waiver” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"waiver" in Business English

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waivernoun [ C ]

uk /ˈweɪvər/ us

an official decision that a rule, or agreement does not have to be obeyed, or that you will not ask for something that you have a right to:

grant/obtain/sign a waiver Contributors signed a waiver giving up any rights to future profits.
The company recovered $12 million of its start-up costs from a waiver of state income taxes.

(Definition of “waiver” from the Cambridge Business English Dictionary © Cambridge University Press)