Definition
A document where you agree not to sue someone if you get hurt—basically signing away your right to complain when you knew the risk.
Example Usage
Participants in the extreme sports event had to sign a liability waiver.
Origin
Combination of 'liability' and 'waive' meaning 'to relinquish'
Fun Fact
Liability waivers can't protect against gross negligence or intentional harm—so if a skydiving company intentionally cuts your parachute cord, you can still sue.
Source: Contract Law
Related Terms
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See “Liability Waiver” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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