{"ok":true,"canonical_url":"https://www.capbench.com/glossary/waiver","api_url":"https://www.capbench.com/api/public/glossary/waiver","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-19","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","CapBench lender and franchise enrichment"],"term":{"slug":"waiver","term":"Waiver","group":"Doing the deal","definition":"A voluntary surrender of a known right or claim, often in writing. In a deal, a waiver might be requested by one party to overlook a specific condition or requirement.","what_it_means":"During due diligence, if a minor issue arises that doesn't kill the deal, you might ask the seller for a waiver of a covenant or a specific representation. Or, your lender might request a waiver from you for a particular SBA requirement if an exception is allowed. Understand what you are waiving or being asked to waive.","url":"https://www.capbench.com/glossary/waiver","official_sources":[],"related":[{"slug":"due-diligence","term":"Due diligence","url":"https://www.capbench.com/glossary/due-diligence"},{"slug":"loan-document","term":"Loan document","url":"https://www.capbench.com/glossary/loan-document"},{"slug":"legal-entity","term":"Legal entity","url":"https://www.capbench.com/glossary/legal-entity"},{"slug":"commitment-letter","term":"Commitment Letter","url":"https://www.capbench.com/glossary/commitment-letter"}],"related_questions":[{"question":"When is a debt service coverage ratio waiver or exception possible for an acquisition?","url":"https://www.capbench.com/for-lenders/questions/when-is-a-debt-service-coverage-ratio-waiver-or-exception-possible-for-an-acquisition"}]},"caveats":["Definitions represent CapBench's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"CapBench Glossary — Waiver","url":"https://www.capbench.com/glossary/waiver","source_type":"CapBench Data"}}