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.]
1. To relinquish; to give up claim to; not to insist on or
claim; to refuse; to forego.
He waiveth milk, and flesh, and all. --Chaucer.
We absolutely do renounce or waive our own opinions,
absolutely yielding to the direction of others.
2. To throw away; to cast off; to reject; to desert.
(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.
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.