The Collaborative International Dictionary of English v.0.48:

Waive \Waive\, v. i.
   To turn aside; to recede. [Obs.]
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         To waive from the word of Solomon.       --Chaucer.
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The Collaborative International Dictionary of English v.0.48:

Waive \Waive\, n. [See Waive, v. t. ]
   1. A waif; a castaway. [Obs.] --Donne.
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   2. (O. Eng. Law) A woman put out of the protection of the
      law. See Waive, v. t., 3
      (b), and the Note.
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The Collaborative International Dictionary of English v.0.48:

Waive \Waive\, v. t. [imp. & p. p. Waived; p. pr. & vb. n.
   Waiving.] [OE. waiven, weiven, to set aside, remove, OF.
   weyver, quesver, to waive, of Scand. origin; cf. Icel. veifa
   to wave, to vibrate, akin to Skr. vip to tremble. Cf.
   Vibrate, Waif.] [Written also wave.]
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   1. To relinquish; to give up claim to; not to insist on or
      claim; to refuse; to forego.
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            He waiveth milk, and flesh, and all.  --Chaucer.
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            We absolutely do renounce or waive our own opinions,
            absolutely yielding to the direction of others.
                                                  --Barrow.
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   2. To throw away; to cast off; to reject; to desert.
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   3. (Law)
      (a) To throw away; to relinquish voluntarily, as a right
          which one may enforce if he chooses.
      (b) (O. Eng. Law) To desert; to abandon. --Burrill.
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   Note: The term was applied to a woman, in the same sense as
         outlaw to a man. A woman could not be outlawed, in the
         proper sense of the word, because, according to
         Bracton, she was never in law, that is, in a
         frankpledge or decennary; but she might be waived, and
         held as abandoned. --Burrill.
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WordNet (r) 3.0 (2006):

waive
    v 1: do without or cease to hold or adhere to; "We are
         dispensing with formalities"; "relinquish the old ideas"
         [syn: waive, relinquish, forgo, forego,
         foreswear, dispense with]
    2: lose (s.th.) or lose the right to (s.th.) by some error,
       offense, or crime; "you've forfeited your right to name your
       successor"; "forfeited property" [syn: forfeit, give up,
       throw overboard, waive, forgo, forego] [ant:
       arrogate, claim, lay claim]