Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Okay, who's waiving at whom? A waiver is an exemption - like you get a waiver of back fines in parking tickets if you just pay up now.
If you agree to not sue me over this patent issue, I waive my right to sue you; if I buy this house "as is," I realize that I waive my right to rescind my purchase if I do in fact find ghosts in it; if I hire you as my fund manager, I waive my right to sue you based on bad performance.
I can, however, fire you. And write mean things about you on the bathroom walls (as long as they are true—like that bad performance thing).