waive

(verb) do without or cease to hold or adhere to. Synonyms: relinquish, forgo, forego, foreswear, dispense with. Examples: "We are dispensing with formalities." "Relinquish the old ideas."

(verb) lose (s.th.) or lose the right to (s.th.) by some error, offense, or crime. Synonyms: forfeit, give up, throw overboard, forgo, forego. Examples: "You've forfeited your right to name your successor." "Forfeited property."