1. The act of voluntarily relinquishing or abandoning a stated goal, target, or objective
The company made a waiver of the objective to reduce costs by 50% due to market conditions.
A empresa fez uma renúncia do objetivo de reduzir custos em 50% devido às condições de mercado.
2. In legal or contractual contexts, the formal relinquishment of a required or specified aim or purpose
The waiver of the objective was documented in the amended agreement.
A renúncia do objetivo foi documentada no acordo alterado.