Capable of being revoked; as, a revocable edict or grant; a revocable covenant.
Can be altered, amended, revoked, or terminated during the lifetime of the grantor.
Capable of being annulled or cancelled.
capable of being revoked or annulled; "a revocable order"
Revocable, as applied to a trust, means revocable by the settlor without the consent of the trustee or a person holding an adverse interest.
The terms of the trust or other document can be changed at any time.
In reference to trusts, it means that the creator has the right to revoke the legal document, in part or whole, during his or her lifetime. An irrevocable trust eliminates this ability. p 126
Capable of being revoked, retracted or taken back.
A revocable trust is a trust that can be changed or cancelled by its settlor or by another person. While a trust is still revocable it does not avoid estate taxes, which is why most trusts are Irrevocable after the settlor dies. Revocable trusts are the opposite of irrevocable trusts. Revocable trusts are the opposite of revocable trusts.
Susceptible to being altered, modified or cancelled.
Documentary credit which the issuing bank can cancel at any time up to the presentation of documents
capable of being changed or revoked.
Subject to change, amendment, modification or cancellation.
An instrument that can be modified or cancelled at any moment without notice to and agreement of the beneficiary, but customarily includes a clause in the credit to the effect that any draft negotiated by a bank prior to the receipt of a notice of revocation or amendment will be honored by the issuing bank. Rarely used since there is no protection for the seller.
A trust in which the maker of the trust (trustor) has, by the terms of the trust agreement, reserved the power to alter, amend or terminate the trust and to receive the property back from the trustee.
In the context of a trust, it means the trust can be changed, modified or amended.