The borrower wants to know the difference between waiver and write off. Which of the following answer is correct? Waiver will arise only in the case of interest , but write off will arise in both interest and instalment Interest which is not accounted can be waived if the Bank permitsThe balance in loan account or part balance can be written off if the Bank permits.Waiver and write off strategies are used in compromise proposal.Ans. 1. a and b 2. b and c 3. a ,b,c 4. a, b ,c,d