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
revokable
Silbentrennung
re·vok·a·ble
Aussprache
Etymologie
[ 're-v&-k&-b&l a ] (adjective.) 15th century. Middle English, from Middle French, from Latin revocabilis, from revocare.