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Revocability

   Also found in: Legal, Financial 0.01 sec.
Rev`o`ca`bil´i`ty
n.1.The quality of being revocable; as, the revocability of a law.


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This assumes that such a recognition of IASB would carry the same degree of formality and revocability as the SEC's current recognition of FASB.
Among other things, a certificate of trust must contain the identity of the settlor; the identity, address, and powers of the trustee; the revocability or irrevocability of the trust and the identity of any person holding a power to revoke.
State law can preclude enforcement of arbitration clauses "if that law arose to govern issues concerning the validity, revocability, and enforceability of contracts generally.
 
 
 
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