Waiver of interest

A waiver of interest refers to the voluntary relinquishment of the right to collect interest on a debt or financial obligation. This can occur in various contexts, such as loans, contracts, or during negotiations between creditors and debtors. By waiving interest, the lender may aim to facilitate repayment or maintain a positive relationship with the borrower. However, it's essential to document such waivers to avoid future disputes over the terms.