Waives

To relinquish, forgo, or voluntarily give up a right, claim, privilege, or requirement. When a person or entity waives something, they are choosing not to assert it or enforce it, often for the benefit of another party or for pragmatic reasons. This action implies a conscious and intentional decision to release the right or requirement. The term can apply to a broad range of contexts, including legal rights, fees, penalties, and even certain rules or procedures. Essentially, waiving indicates a deliberate choice to forego something that one is entitled to.

Waives meaning with examples

• The company decided to waive the late payment fee for customers who experienced financial hardship during the pandemic, showing compassion and understanding for their situation. This act of kindness helped maintain customer loyalty and goodwill, fostering a positive relationship. Waiving the fee was seen as a gesture of support during difficult times, demonstrating the company's commitment to its clients' well-being and financial stability.
• In order to facilitate the deal, the landlord agreed to waive a specific clause in the lease agreement that would have placed constraints on the business. This strategic decision was necessary to secure the deal and establish a tenant relationship. The entrepreneur was incredibly grateful as it paved the way for a beneficial partnership, allowing the agreement to be signed sooner than later.
• The university waived the standardized test requirement for undergraduate admissions to make education more accessible. This policy change broadened the applicant pool. Those with exceptional high school performances or other qualifications could still apply. Consequently, this move demonstrated the institution's commitment to diversity and inclusion in higher education, aiming to attract a wider range of talented individuals.
• When the insurance claim arrived, the insurer considered, but decided not to waive the deductible; it required the insured to pay the initially agreed-upon amount. While the customer would receive a smaller payout, the company policy prevented it from waiving the deductible. This was in line with company procedure and the conditions specified in the insurance policy agreement.