Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• WAIVER
  
  The agreement of a lender to overlook a borrower’s failure to meet one or more conditions attached to the granting of a credit — conditions that would, in the absence of a waiver, give the lender the right to declare the loan to be in default.
  
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