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revocable
This term carries a strong legal and administrative weight, suggesting a state of conditional permanence. It describes a situation where a decision, contract, or grant is not final and can be undone by the original authority. The feeling is one of flexibility or precariousness, as the status of the agreement depends on the continued will of the grantor.
In financial and legal contexts, it is frequently contrasted with irrevocable. While an irrevocable trust or deed is permanent and binding, a revocable one allows the creator to reclaim assets or change terms. This distinction is critical in estate planning and tax law, where the ability to revoke determines the level of control and liability the individual retains.
Meanings
Examples
The trust is revocable, meaning the grantor can change the terms at any time.
I hope this offer is still revocable before the deadline passes.
The board decided that the appointment should be revocable to ensure accountability.
The board decided that the appointment should be revocable to ensure accountability.
The agreement was made revocable upon thirty days written notice.
He realized the permission granted to him was merely revocable.
He realized the permission granted to him was merely revocable.
The king issued a revocable decree that could be overturned by the council.
Make sure the power of attorney is revocable so you maintain control.