The business you are in affects the type of records you need to keep for federal tax purposes. Your recordkeeping system should include a summary of your business transactions. This summary is ordinarily made in your business books (for example, accounting journals and ledgers).
Chambers 20th Century Dictionary(0.00 / 0 votes)Rate this definition: Waive. wÄv, v.t. to relinquish for the present: to give up claim to: not to insist on a right or claim.ân. Waiâ²ver, the act of waiving: renouncement of a claim: process by which a woman was outlawed. [O. Fr. guever, to refuse, resignâperh.
A waiver is a formal statement giving up a right. If you go on a school trip, your mom might sign a waiver saying that the school is not responsible if you get hurt on the trip. When you sign a waiver, youâre voluntarily giving up a privilege or legal right. A waiver is often required before you participate in something dangerous.