A payment in advance.
An asset recognized in respect an expense incurred in a period for which the benefit will be received in a future period.
Something that releases a person from a requirement.
The act of waiving, or not insisting on, some right, claim, or privilege.
A legal document removing some requirement, such as waiving a right (giving it up) or a waiver of liability (agreeing to hold someone blameless).
To waive (to relinquish, to forego).