What is the meaning of waive off?
1a : to relinquish (something, such as a legal right) voluntarily waive a jury trial. b : to refrain from pressing or enforcing (something, such as a claim or rule) : forgo waive the fee. 2 : to put off from immediate consideration : postpone.
Is it correct to say waived off?
verb (used with object), waived, waiv·ing. to refrain from claiming or insisting on; give up; forgo: to waive one’s right;to waive one’s rank;to waive honors. Law. to relinquish (a known right, interest, etc.)
What is meaning of waive in Punjabi?
do without or cease to hold or adhere to. Synonyms : dispense with, forego, foreswear, forgo, relinquish “relinquish the old ideas”
How do you use waive off in a sentence?
lose or lose the right to by some error, offense, or crime.
- He didn’t waive his right in this matter.
- We have decided to waive the age – limit for applicants in your case.
- He agreed to waive his usual fee.
- They agreed to waive the cancellation charges.
What is write off and waive off?
When a loan is waived-off, the bank will not attempt to take any legal action against the borrower to recover the loan. A loan write-off means that the loan account is not closed, which means that the lender can try to recover the loan amount with the help of a legal entity.
Is waivable a word?
Waivable definition Capable of being waived, of being given a waiver.
Which is the closest synonym for the word waive?
Some common synonyms of waive are abandon, relinquish, resign, surrender, and yield. While all these words mean “to give up completely,” waive implies conceding or forgoing with little or no compulsion.
Why write-off is done?
Inventory. There can be several reasons why a company may need to write off some of its inventory. Inventory can be lost, stolen, spoiled, or obsolete. On the balance sheet, writing off inventory generally involves an expense debit for the value of unusable inventory and a credit to inventory.
What is the meaning of written off?
1 : to eliminate (an asset) from the books : enter as a loss or expense write off a bad loan. 2 : to regard or concede to be lost most were content to write off 1979 and look optimistically ahead — Money also : dismiss was written off as an expatriate highbrow — Brendan Gill.
What is the noun of waive?
waiver. / (ˈweɪvə) / noun. the voluntary relinquishment, expressly or by implication, of some claim or right. the act or an instance of relinquishing a claim or right.
What does waived mean in school?
A waiver is a formal statement giving up a right. If you go on a school trip, your mom might sign a waiver saying that the school is not responsible if you get hurt on the trip. When you sign a waiver, you’re voluntarily giving up a privilege or legal right.
What is a waiver used for?
A waiver is a demonstration, usually in written form, of a party’s intent to relinquish a legal right or claim. The key point to note is that the relinquishment is voluntary, and can apply to a variety of legal situations. Essentially, a waiver removes a real or potential liability for the other party in the agreement.
What is the opposite of waived?
Opposite of an act or instance of waiving a right or claim. accept. allowance. approval.
What is waiving a right?
If you waive your right to something, for example legal representation, or if someone else waives it, you no longer have the right to receive it. He waived his right to a hearing.
What is difference between write-off and waive off?
What happens after write-off?
When debts are written off, they are removed as assets from the balance sheet because the company does not expect to recover payment. In contrast, when a bad debt is written down, some of the bad debt value remains as an asset because the company expects to recover it.
What does waived status mean?
Students are also permitted to waive (refrain from using) the rights of access to their letters of reference. If you waive this right, that means you agree that you will not be allowed access to this particular item (the letter of reference) in your record.