waiver of exemption. 1. A debtor’s voluntary relinquishment of the right to an exemption from a creditor’s levy or sale of any part of the debtor’s personal property by judicial process. [Cases: Exemptions  89–99; Homestead  169–176.] 2. The contractual clause expressly providing for such a waiver. [Cases: Exemptions  92; Homestead  170.]
[Blacks Law 8th]