Waive - To relinquish, or abandon; the abandonment of some claim or right. Warranty Deed A deed in which the grantor fully warrants a good clear title to the property; a deed that contains covenants of title. Waste - Improper use or damage by one in possession such as tenant or vendee. Wrap-Around Mortgage Method of financing in which a new mortgage is placed in a secondary position; an all-inclusive mortgage. Writ Of Execution - A writ or court order authorizing and directing an officer of the court to carry out the judgment or decree of the court.