An “irrevocable assignment” means that transfer is permanent, and cannot be undone.

What do we mean by irrevocable?

adjective. not to be revoked or recalled; unable to be repealed or annulled; unalterable: an irrevocable decree.

What does irrevocable decision mean?

: not possible to revoke : unalterable an irrevocable decision.

What is an example of something that is irrevocable?

The definition of irrevocable is something that cannot be undone or changed. An example of irrevocable is a contract that, once signed, cannot be cancelled. Impossible to retract or revoke. An irrevocable decision.

What does irrevocable time mean?

The irrevocable clause states a date and time up to which time the offer is irrevocable. Before the time on the specified date, the party offering cannot revoke their offer. The irrevocable clause usually states that when the time and the date passes the offer becomes null and void.

Why would you want an irrevocable beneficiary?

Benefits of Having an Irrevocable Beneficiary Difficult to change during your life and virtually impossible to alter after your death, it’s for the bequests you’re 100% sure of—and don’t want to have to worry about keeping up to date. Children are often named irrevocable beneficiaries.

In which sentence is the word irrevocable used correctly?

Irrevocable sentence example. A deed done is irrevocable , and its result coinciding in time with the actions of millions of other men assumes an historic significance. The beneficium was to be as practically irrevocable as the oath of fidelity.

What does irrevocable love mean?

Irrevocable means beyond recalling, unable to be revoked (canceled, rescinded, withdrawn). The term is frequently employed in business and is a bit odd to use in relationship as it implies an unbreakable contract. Eternal love would be a better choice.

Which is the best definition of the word irrevocable?

Definition of irrevocable : not possible to revoke : unalterable an irrevocable decision Other Words from irrevocable Irrevocable and Trusts More Example Sentences Learn More about irrevocable Other Words from irrevocable

What does it mean when a promise is irrevocable?

Irrevocable (adj) incapable of being recalled or revoked; unchangeable; irreversible; unalterable; as, an irrevocable promise or decree; irrevocable fate Etymology: [L. irrevocabilis: cf. F. irrvocable. See In- not, and Revoke, and cf. Irrevocable.]

What does it mean to have an irrevocable loan?

The judge said that the option was an irrevocable offer by the owner to sell. The irrevocable loan facility agreed today has a term of 15 years. What happens in the next two years may irrevocably shape the administration of whichever candidate is elected president. For all these reasons, nobody wanted to take irrevocable steps.

When do you use the word irrevocable in a trust?

Irrevocable has a formal sound to it and is often used in legal contexts. Irrevocable trusts are trust funds that cannot be dissolved by the people who created them (the other kind is a revocable trust).