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Definition of «irrevocable»

Irrevocable means something that cannot be reversed, changed or recalled. It is a permanent and unalterable condition or action. In legal terms, an irrevocable agreement or document means one that cannot be undone or altered once it has been signed or put into effect. This term often refers to financial transactions such as insurance policies, trusts, or annuities where the terms are set in stone and cannot be changed by either party involved.

Usage examples

  1. The decision to close down the factory was irrevocable, leaving hundreds of employees without jobs.
  2. Signing the contract means you have made an irrevocable commitment to purchase the property.
  3. The court's ruling resulted in an irrevocable change in child custody arrangements.
  4. Deleting the files from the computer's hard drive is an irrevocable action, as they cannot be recovered.
  5. The death of a loved one is an irrevocable loss that can never be replaced.

Phrases with «irrevocable»

Sentences with «irrevocable»

  • Other strategies include the use of irrevocable life insurance trusts, and giving the cash benefit to your heirs as a gift while you are still alive if the amount you will be giving is less than a million dollars. (usacoverage.com)
  • For example, one type of annuity product is a life insurance irrevocable trust, which can be a great tool for property protection and federal estate tax savings. (trustedchoice.com)
  • Where high net worth households tend to separate from the pack, in terms of estate planning households, is the use of irrevocable trusts with a much greater emphasis on asset protection and federal estate tax planning. (insuranceandestates.com)
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See also

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