What does "waived" mean in the NFL?

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Answer This means the player was cut from the team. The player is placed on the 'waiver wire' and the other teams in the league are allowed to claim him for their team.
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This means the player was cut from the team. The player is placed on the 'waiver
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Being cut and being waived are synonymous, teams have to have 53 man roster and you can downgrade players to the practice squad if they agree to it and vice versa.
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It's a temporary status for players who are released by their team. During the waiver period other teams may claim a waived player. If more than one team -more?
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1 Additional Answer

Once the player is waived from the roster, he is immediately placed on the "waiver wire," a chain of the of 32 teams ordered from worst to best based on the previous season's finish. The player is first eligible to be signed by the worst team, followed by the second-worst club, all the way down the line until he is signed. When the player goes through the entire wire unclaimed, he becomes a free agent and may sign with anyone, the same status a "released" player is granted.

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