waiver

waiver definition - business

waiver

The voluntary relinquishment of a claim, right, or privilege. For example, an organization in severe financial difficulty may ask employees to agree to a waiver for a portion of their next paycheck.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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