What is the meaning of waiver?

waiver is the agreement of a lender to overlook a borrower's failure to meet one or more conditions attached to the granting of a credit — conditions that would, in the absence of a waiver, give the lender the right to declare the loan to be in default.

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APABarry Goldsmith. (2010). waiver. Retrieved September 27, 2026, from http://smartdefine.org/waiver/definitions/1166369
ChicagoBarry Goldsmith. 2010. "waiver" http://smartdefine.org/waiver/definitions/1166369 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, waiver, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/waiver/definitions/1166369>.
MLABarry Goldsmith. "waiver" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/waiver/definitions/1166369>
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