waiver

Definitions

General English

Banking

  • noun an act of giving up a right or removing the conditions of a rule

Economics

  • An authorized deviation from the terms of a previously negotiated and legally binding agreement. Many countries have sought and obtained waivers from particular obligations of the GATT and WTO.

Information & Library Science

  • noun permission to do something although it is not in accordance with the regulations

Politics

  • noun a situation in which someone gives up a legal right to something
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