Engineering â. â¦ the profession in which a knowledge of the mathematical and. natural sciences gained by study, experience, and practice is. applied with judgment to develop ways to utilize, economically, the. materials and forces of nature for the benefit of mankind. Definitions Continuedâ¦. Computer Science â.
Definition of waiver. 1  1 : the act of intentionally relinquishing or abandoning a known right, claim, or privilege; also : the legal instrument evidencing such an act.
Quick Answer. Waiving of homestead rights is an agreement between a borrower and lender to waive the homeowner's statutory homestead rights under state law, according to US Legal. Homestead rights protect a homeowner's equity from creditors in cases of default. Typically, homestead waivers apply to residential mortgages and homeowners association contracts.