Waiver n. : The act of waiving, or not insisting on, some right, claim, or privilege.

Example:
How does Waiver Priority with a continual rolling list work with Waiver periods in Yahoo Football?

Taxonomy
waiver, written waiver, jurisdiction, court, free encyclopedia, proof, Personal jurisdiction, court orders, voluntary relinquishment, refusal, contest, lacked jurisdiction, Enforceability, search, recruit, Please discuss this issue, elements, objection.

Defination from the web:
Waiver. From Wikipedia, the free encyclopedia. Jump to: navigation, search. This article is in need of ... Other names for waivers are exculpatory clauses, releases, or hold harmless clauses. Sometimes the elements of "voluntary" and "known" are established by a legal fiction. ...