Definition and Example. Imagine that you are walking along the sidewalk of a busy road with a group of friends. It's a hot, humid, and sunny day. Everyone is wearing shorts and loose clothing to battle the heat. You look to your left and see a man in a long fur coat and a tall pair of winter boots.
A waiver is the voluntary relinquishment or surrender of some known right or privilege. Regulatory agencies or governments may issue waivers to exempt companies from certain regulations. For example, a United States law restricted the size of banks, but when banks exceeded these sizes, they obtained waivers.
There are currently 38 countries in the Visa Waiver Programme, including Switzerland. Nationals from these countries may enter the USA without a visa and remain there for up to 90 days. Exceptions: The Visa Waiver Programme does not apply to travellers who were in Iraq, Iran, Syria or Sudan on or after 1 March 2011.