waiver of claims and defenses

waiver of claims and defenses.

1. The intentional relinquishment by a maker, drawer, or other obligor under a contract of the right to assert against the assignee any claims or defenses the obligor has against the assignor. [Cases: Assignments 103; Bills and Notes 314; Secured Transactions 185. C.J.S. Assignments § 100; Bills and Notes; Letters of Credit §§ 166–168; Secured Transactions§ 139.]

2. The contractual clause providing for such a waiver.

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词条贡献者

双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。