What It Scores
WAIVE is a valid word in the tournament list this site uses. Tile values only, before any premium square: 11 in Scrabble and 11 in Words With Friends. The letters break down as W4 A1 I1 V4 E1.
Words Made From The Letters In WAIVE
17 shorter words come out of these tiles. On a board that matters more than the long play, because a short word on a premium square often beats a long one on plain squares.
4 letter words (4)
3 letter words (8)
2 letter words (5)
Longer Words Containing WAIVE
WAIVE appears inside each of these, which is what makes it worth knowing as a hook.
Next: the Word Unscrambler for any letters at all. Full entry and definition at Merriam-Webster.