WordWeb Online

1. Do without or cease to hold or adhere to
   - relinquish, forgo, forego, foreswear, dispense with
    
2. Lose (s.th.) or lose the right to (s.th.) by some error, offence, or crime
   - forfeit, give up, throw overboard, forgo, forego

Sounds like: wave

Derived forms: waived, waiving, waives

See also: waiver

Type of: abandon

Encyclopedia: Waive