Waiver: Difference between revisions
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== See also == | == See also == | ||
* [[Covenant]] | * [[Covenant]] | ||
* [[Default]] | |||
* [[Event of default]] | * [[Event of default]] | ||
* [[Forbearance]] | * [[Forbearance]] | ||
* [[Grace period]] | |||
* [[Loan agreement]] | * [[Loan agreement]] | ||
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.