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Houghton Mifflin

waiv·er  audio  (wvr) KEY 

    1. Intentional relinquishment of a right, claim, or privilege.
    2. The document that evidences such relinquishment.
  1. A dispensation, as from a rule or penalty.
  2. Permission for a professional athletic club to assign a player to the minor leagues or release a player from the club, granted only after all other clubs have been given the opportunity to claim the player and have not done so.
  3. A deferment.

clear waivers
To be unclaimed by another professional club and therefore liable to be assigned to a minor-league club or released.
on waivers
In a state of being available for claiming by other professional clubs.

Anglo-Norman weyver, from weyver, to abandon ; see waive

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