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waiver

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waiver/ˈweɪvɚ/noun
pluralwaivers
waiver
/ˈweɪvɚ/
noun
pluralwaivers
Learner's definition of WAIVER  
[count]
: the act of choosing not to use or require something that you are allowed to have or that is usually required
: an official document indicating that someone has given up or waived a right or requirement

on waivers

baseball
— used to describe a process by which a player is removed from a team and is made available to be chosen by other teams
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