Creating an irrevocable trust means that once you establish it, you have no right or opportunity to change the beneficiaries or disposition of the trust assets.
More important, Monet's "Palais Contarini," a 1908 view of Venice, triggered genuine competition even though it had garnered an "irrevocable bid" — which meant that Sotheby's had already secured a taker at the minimum price level desired.
Combined with an "irrevocable bid," this meant that a price close to the lower end of the estimate would be paid no matter what.
At the end of the month, we have Jeffrey Eugenides's The Marriage Plot, "a post-modern take on 19th-century romance" which sets up a love triangle among Ivy League literature graduates to see if "a viable 'marriage plot' might be constructed around a feminist-era heroine for whom marriage no longers means an irrevocable surrender of person and property".
"It will mean the irrevocable loss of the skills and understanding they will needs as adults, to play their part in the reshaping of their nation and the restoration of stability to the region.
This raises a host of questions that will need to be resolved, including what it means to incur irrevocable liability in the United States, whether a purchase of a security from a foreign entity by an American is enough, and what happens to the foreign purchase of unlisted American securities.
There are no exit clauses in any of the treaties such as Maastricht or Lisbon, because EMU membership is meant to be irrevocable – although in practice, member states can repudiate the treaties in domestic law.
They're in the highest tax brackets, are able to take lavish vacations away from lives most would consider natural time off, receive free meals despite having the means to buy the restaurant, and have irrevocable lifetime passes to pick and choose the women of their choice like you or I might pick a deli number.
AN IRREVOCABLE shift away from the bad habits of the past was meant to be the result of joining the European Union.
And so on Monday a handful of reporters were left wondering what Rivera meant when he declared that he had made an "irrevocable" decision about whether this would be his final season.
