waiver

Intentional relinquishment of a right, claim, or privilege.

The document that evidences such relinquishment.

A dispensation, as from a rule or penalty.

Permission for a professional athletic club to assign a player to the minor leagues or release a player from the club, granted only after all other clubs have been given the opportunity to claim the player and have not done so.

A deferment.

To provide with a waiver or issue a waiver for.

(clear waivers) To be unclaimed by another professional club and therefore liable to be assigned to a minor-league club or released.

(on waivers) In a state of being available for claiming by other professional clubs.

In law: