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Multiple Meanings
waive — as in:  waive the right

They will waive the foreign language requirement for students who are already bilingual.
not enforce something to which one would otherwise be entitled
waive — as in:  waive the player

We were facing the 52 player limit, so wanted to move him to our practice squad for a year. But under league rules that meant we had to waive him and unfortunately for us, another team signed him.
the release of a player from a sports team’s roster while maintaining the payment contract (which may be offset or replaced by a contract with another team)
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