Bone and cartilage are types of connective tissues in the body. A bone is hard tissue that forms the skeletal structure of the body. Cartilage, by comparison, is not as hard and rigid as bone, and is present in areas of the body like the ear, nose, and joints.
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.
What is a 'Waiver Of Subrogation'. A waiver of subrogation is a contractual provision where one party agrees to limit the rights of its own insurance carrier and usually pays an additional premium for a special policy endorsement allowing for coverage under such a situation. Many construction contracts and leases include waiver of subrogation clauses.