adjective not able to be changed, reversed, or recovered; final
In legal contexts, an irrevocable decision or agreement cannot be changed or reversed.
Irrevocable trusts are financial arrangements where assets are transferred into a trust and cannot be revoked.
Irrevocable commitments in contracts are obligations that cannot be undone or cancelled.
An irrevocable beneficiary in insurance policies is one whose rights cannot be revoked without their consent.
Irrevocable life insurance trusts are used in estate planning to remove life insurance from the estate for tax purposes.
Irrevocable investment decisions are those that cannot be reversed once made.
In legal writing, an irrevocable trust is a type of trust that cannot be modified or terminated without the permission of the beneficiary.
In psychology, an irrevocable decision or action refers to a choice that cannot be changed or reversed, often related to long-term consequences or commitments.
In financial planning, an irrevocable life insurance trust is a tool used to remove life insurance proceeds from the insured's taxable estate, providing tax benefits for beneficiaries.
In real estate transactions, an irrevocable offer refers to a bid or proposal that cannot be withdrawn once submitted, binding the party to the terms of the offer.
In legal contracts, an irrevocable power of attorney grants someone the authority to act on behalf of another person in specific matters, with the authority being permanent and cannot be revoked.