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Chaps is the system used by large banks to make same day, irrevocable payments – with the transfers dominated by the trading activity of large financial institutions.
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I should add that the bondholders of MBIA care less about rating agency opinion given they have an irrevocable guarantee of payment if the underlying bonds fail to perform.
Annual exclusion gifts can be given directly to children, or commonly they are made to irrevocable trusts (using so-called Crummey powers) for the payment of life insurance premiums.
Jawahar Chatpar, the chairman and chief executive of Cyber Digital, said the contracts required major payments before any work begins and were secured by irrevocable letters of credit from several banks, including the Nigerian branch of Citibank.
Irrevocable changes are underway.
Every brushstroke is irrevocable.
Murder is irrevocable.
"It's an irrevocable loss".
A trust must be irrevocable.
Then the decision will be irrevocable.
But the irrevocable has not yet happened.
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