To relinquish or give up a right, privilege, or benefit. A waiver implies that the person knows what he is doing when renouncing his right, privilege, or benefit.
v. to voluntarily give up something, including not enforcing a term of a contract (such as insisting on payment on an exact date), or knowingly giving up a legal right such as a speedy trial, a jury trial or a hearing on extradition (the transfer to another state's jurisdiction of one accused of a crime in the other state).
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