what is a waiver of demand 
a waiver of demand is a legal agreement given by a party who has endorsed a check or a bank draft it states that should the original issuer of the check or draft default the endorser will take responsibility for honoring that check or draft on the issuer s behalf waivers of demand can either be expressed or implied and can come in both written and verbal forms in the event of default the affected bank reserves the right to charge any applicable penalties or fees to the endorser 