Waiver Legal Meaning and Definition

Here is a simplified definition of the legal term Waiver.

Waiver (noun)

A waiver is when you choose to give up a right, a claim, or a privilege. Usually it's something you do on purpose, and it might be for just a little while or forever. For example, if you're a renter and your landlord says you don't have to pay rent this month, that's a temporary waiver. If you and your landlord make a deal and then exchange paperwork, that could be a permanent waiver. It means the landlord won't ask for that money ever again.