Waiver: Difference between revisions
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* [[Event of default]] | * [[Event of default]] | ||
* [[Forbearance]] | * [[Forbearance]] | ||
* [[Grace period]] | |||
* [[Loan agreement]] | * [[Loan agreement]] | ||
Revision as of 14:51, 29 April 2020
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.
