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- Something has been rejected or dismissedThe phrase "waived off" is correct and used to indicate that something has been rejected or dismissed, especially with reluctance1. It means to set aside, relinquish, or refrain from enforcing something2. In the context of loans, "waive off" means forgiving the debt and releasing the borrower from the burden of repayment34.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The phrase "waived off" is correct and usable in written English. It is usually used to indicate that something has been rejected or dismissed, especially with reluctance. For example, "The mayor reluctantly waived off the proposal to build a new stadium.".ludwig.guru/s/waived+off1 to set aside or relinquish to waive one's right to something 2 to refrain from enforcing or applying (a law, penalty, etc.) 3 to deferdictionary.reverso.net/english-definition/waive+offWaived-off: When a lender waives off a bad debt, they are forgiving the debt and essentially absolving the borrower of any responsibility to repay it. However, the debt still remains on the books and shows up as an outstanding balance.www.indifi.com/blog/difference-between-write-off-a…In loan waive-off, the borrower is technically exempted from that repayment. It means there is no chance of recovering a loan from the borrower by the lender or bank. It basically refers to the process of releasing the borrower from the burden of loan repayment and no recovery will be made by the lender.moneyview.in/loan-insights/difference-between-writ…
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