waiver definition law
Full Definition of WAIVER. 1. : the act of intentionally relinquishing or abandoning a known right, claim, or privilege; also: the legal instrument evidencing such an act.2. the act of a club's waiving the right to claim a professional ball player who is being removed from another club's roster âoften used in the phrase on waivers denoting the process by which a player to be removed from a roster is made available to other clubs. See waiver defined for English-language learners.