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An irrevocable payment is one that signifies the fact that, no matter what the payment made would not be reversed.
Lets say you make a credit card payment to your card using a bank's website that has the clause of irrevocable payment in the conditions. while entering your card number if you enter one digit wrongly and click submit the amount may go into the wrong account. even if you claim of the mistake the money is gone and the bank would not reverse the payment. that is irrevocable payment.
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∙ 15y ago
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What is an irrevocable bank payment undertaking and what are its benefits to the seller?
And your revocable bank payment is a bank payment that cannot be rescinded. The advantage to the seller is once the payment is issued, it cannot be canceled.
Why must the trustee of an irrevocable insurance trust make the premium payment?
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
Can you stop payment of irrevocable letter of credit?
the best way is to negotiate with beneficary if had any problem regarding delivery or quality, but once the documents accepted, u cannot stop the L/c
Can bank gives irrevocable guarantee?
yes
What is ICBPO?
Irrevocable Conditional Bank Pay Order
What is an irrevocable bank payment undertaking and what are its benefits to the seller?
And your revocable bank payment is a bank payment that cannot be rescinded. The advantage to the seller is once the payment is issued, it cannot be canceled.
Is a child required to show proof of payment of debt to a deceased mother to avoid paying the debt to an estate in an irrevocable trust?
Yes.
Why must the trustee of an irrevocable insurance trust make the premium payment?
As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.As trustee that is their responsibility.
How can you tell if a trust is irrevocable?
Generally, an irrevocable trust is titled 'irrevocable' or is designated as such somewhere in the first few paragraphs.
Is there irrevocable power of attorney in north Carolina?
free irrevocable poa papers
How does a person get an irrevocable funeral trust?
Setting up an Irrevocable Funeral Trust Final Expense plan can now be done by attorneys, financial planners, insurance agents and funeral consultants. With the funeral trust being offered by the attorney, financial planner, insurance agent or funeral consultant, the senior doesn't have to go to the funeral home. In the comfort of their own homes, they can sign an irrevocable funeral trust that is funded with a single payment life policy.
What does it mean if something is irrevocable?
The term irrevocable can be describes as something that cannot be reversed or revoked. The word irrevocable has be used to describe ones love for another or commitment.
What is the accented syllable in the word irrevocable?
The accented syllable in the word "irrevocable" is "rev."
If timber is sold on land in irrevocable trust should it go into the irrevocable trust account?
no
Where can I get more information for an irrevocable trust?
You can get information on what a irrevocable trust is at the following sites I found for you to have a look at www.dummies.com/.../revocable-versus-irrevocable-trusts.htm ,en.wikipedia.org/wiki/Trust_law
Can you stop payment of irrevocable letter of credit?
the best way is to negotiate with beneficary if had any problem regarding delivery or quality, but once the documents accepted, u cannot stop the L/c
How do you use irrevocably in a sentence?
It is an adverb or an adjective. You can use it like in Twilight: I was unconditionally and irrevocably in love with him.
