irrevocable
Definition
A form of contractual agreement that cannot be altered, withdrawn or terminated.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. Opposite of revocable.
Related Articles
- What Does It Mean To Corner The Market? *
- "Sell Butterfly" Option Investment Strategy *
- Understanding Asset Allocation While Building a Portfolio *
- What is a Savings and Loan Association? *
- Less Popular Types of Mutual Funds - Part 1 *
- Finding the Right Financial Advisor For You *
- What is Investing? *
- An Explanation of Home Equity and the Related Loans *
Related Videos
http://www.businessdictionary.com/definition/irrevocable.html
