Glossary · Doing the deal
Waiver
In short
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 in a deal
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.
Related terms
Common questions about Waiver
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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