irrevocable

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irrevocable

Not capable of being revoked. An offer to sell at a certain price can be revoked at any time before acceptance. An irrevocable offer to sell cannot be revoked, but it should always have an expiration date.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.