Meaning ofwaivein English

Verb

1. to give up a right; relinquish a claim
   The company will waive the fee for new customers.
2. to surrender a privilege; renounce a benefit
   She decided to waive her right to the inheritance.
3. to abandon someone or something
   The government will waive the visa requirement for tourists from certain countries.
4. to forgo a payment or fee
   The bank agreed to waive the penalty for late payment.