waive

To give up (a claim or right, for example) voluntarily; relinquish. synonym: relinquish.

To refrain from insisting on or enforcing (a rule, penalty, or requirement, for example); dispense with.

To refrain from engaging in, sometimes temporarily; cancel or postpone.

To place (a player) on waivers.

A waif; a poor homeless wretch; a castaway.