waver/waiver

wa·ver (wā'vər)

Verb. Intransitive

To move unsteadily back and forth.
To exhibit irresolution or indecision; vacillate: wavered over buying a house..
To tremble or quaver in sound, as of the voice or a musical note.
To flicker or glimmer, as light.

Noun

waiv·er (wā'vər)

Noun

Intentional relinquishment of a right, claim, or privilege.
A dispensation, as from a rule or penalty.
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.
A deferment.

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