You can't cancel the letter of credit without the permission of the beneficiary, if the L/C is irrevocable.
Generally, an irrevocable trust is titled 'irrevocable' or is designated as such somewhere in the first few paragraphs.
At least in British English, it is the second syllable: irrEvocable.
free irrevocable poa papers
There sure are Irrevocable Letters of Credit. Those are used by Insurance companies, Importers, Exporters and others as paying methods. Maybe that is what you mean. Please check the web links for Letters of Credit. Hope this helps!
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.
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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
An irrevocable letter of credit is a financial document that cannot be altered or canceled without the consent of all parties involved, providing a strong guarantee to the beneficiary that they will receive payment as long as they meet the specified terms. In contrast, a revocable letter of credit can be modified or canceled by the issuer at any time without the beneficiary's consent, which offers less security to the party receiving the credit. Irrevocable letters of credit are commonly used in international trade to ensure payment reliability, while revocable letters of credit are less frequently used due to their inherent risks.
An irrevocable resignation implies that the one who resigns cannot change his or her mind about the decision.
An irrevocable resignation implies that the one who resigns cannot change his or her mind about the decision.
Letter of Direction for an estate in Ontario