Irrevocable definition is – not possible to revoke : unalterable. How to use irrevocable in a sentence. Farlex clipart collection. Words related to irrevocable.
There is no absolute , inevitable , or irrevocable relationship between the shape of a word or an utterance and its meaning.
From the Cambridge English Corpus But legitimacy is no final and irrevocable achievement. Defining the future with absolute, irrevocable certainty is rarely possible. The definition of irrevocable is something that cannot be undone or changed. An example of irrevocable is a contract that, once signe cannot be cancelled.
YourDictionary definition and usage example. A form of contractual agreement that cannot be altered , withdrawn or terminated. The irrevocable nature of the commitment allows each party to advance under certain assumptions.
That which cannot be revoked. Their entitlements are not subject to change and are guaranteed. Changes in a policy must be made before death, or else the.
The only exception would be if the terms of the contract specifically state that one or both parties can revoke it in certain situations. When an irrevocable trust is set up, the grantor gives up all right, interest, and title to the assets that are held in the trust. Grantors also give up the right to terminate the trust. The bank agrees to pay the seller (the exporter) as soon as certain conditions are met.
Because it is irrevocable , the terms of the letter cannot be changed without the agreement of everyone involved. Naming a spouse as an irrevocable beneficiary is a little riskier, since there’s a chance (no offense!) of separation and remarriage to a different partner. You can still name contingent beneficiaries who will stand to gain if your irrevocable beneficiary predeceases you.
How revocable and irrevocable trusts affect estate taxes The most significant distinctions between revocable and irrevocable trusts are the estate tax considerations. Property that you place in an irrevocable trust is no longer considered part of your estate, meaning that the property typically isn’t included in your estate’s value when it. It is an irrevocable change that needs to be accepted. Definition and synonyms of irrevocable from the online English dictionary from Macmillan Education.
This is the British English definition of irrevocable.
View American English definition of irrevocable. Change your default dictionary to American English. View the pronunciation for irrevocable. Also known as a lock-up. A binding agreement by a target shareholder to accept a takeover offer or vote in favour of a scheme of arrangement.
Deciding to open an irrevocable trust as part of your estate planning can be a gamble. Let’s say you are having financial difficulties and want to sell some real estate that you placed into a trust. For God’s gifts and His call are irrevocable. Another word for irrevocable. Find more ways to say irrevocable , along with related words, antonyms and example phrases at Thesaurus.
If the offer is withdrawn during this. Whereas durable powers of attorney are usually used to give someone the authority to make decisions on your behalf in case you’re in accident or unconscious, irrevocable power of attorney usually represents some contractual. Revocable definition is – capable of being revoked.
An irrevocable power of attorney is a document used in some business relationships.