Waiver: Difference between revisions

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The voluntary and intentional surrender of a known right or claim.   
The voluntary and intentional surrender of a known right or claim.   
Often applies to loan agreements when a minor covenant breach has occurred and, potentially, a default might result.
 
In a borrowing context, it means the lender agrees to forgive a minor breach of covenant.
 


== See also ==
== See also ==
* [[Covenant]]
* [[Covenant]]
* [[Default]]
* [[Event of default]]
* [[Event of default]]
* [[Forbearance]]
* [[Grace period]]
* [[Loan agreement]]
* [[Loan agreement]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Financial_products_and_markets]]

Latest revision as of 01:02, 13 March 2023

The voluntary and intentional surrender of a known right or claim.

In a borrowing context, it means the lender agrees to forgive a minor breach of covenant.


See also