Wayving or Waiving: How To spell?

The word Wayving is misspelled against Waiving, which is present continuous of "Waive"

Word contains consecutive vowels 'AI' in between alphabets w & ving is misspelled as 'AY'
Wrong Spelling:  w-ay-ving 
Correct Spelling:  w-ai-ving 
Find more wrongly spelled words of Waiving to spell it well.

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