power of revocation

Definition of "power of revocation"
  1. A right typically held by an individual in a legal document, like a trust, which gives them the authority to cancel or call off the legal association they have instituted
How to use "power of revocation" in a sentence
  1. The trust was dissolved as the individual exercised their power of revocation.
  2. Power of revocation was included in the legal instrument to provide the creator with flexibility.
  3. Despite having the power of revocation, the person chose to let the trust continue unchanged.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z