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waiver

Definition

noun: the act of choosing not to use or require something that you are allowed to have or that is usually required
noun: the act of intentionally relinquishing or abandoning a known right, claim, or privilege
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

Examples

The college got a special 'waiver' from the town to exceed the building height limit.
a criminal defendant's 'waiver' of a jury trial
He signed an insurance 'waiver' before surgery.

Movie quotes

(..) (groaning) (Bart laughing) Stupid kid. So embarrassing. I'm a little nervous with all these waivers we have to sign. Marge, this is a national park. People are completely safe here. Now let's do my favorite thing: go downhill. (..)
2016 TvShow: The Simpsons Title: Fland Canyon Season: 27 Episode 19