Revocable Meaning: Definition, Examples, and Translations

Law

• In legal contexts, revocable agreements allow one or both parties to change their terms or even cancel the agreement.
• Examples include revocable trusts, where the person creating the trust retains control and can modify it at any time.

Finance

• Certain types of financial options or loans can be revocable, meaning they can be called back by the lender.
• For instance, a revocable line of credit allows the borrower to withdraw funds as needed until the lender withdraws this option.

Psychology

• The concept of revocability can affect decision-making; knowing an option can be taken back might lead to more risk-taking behavior.
• Studies suggest that people are often more satisfied with decisions that they know are revocable, leading to less regret.

Technology

• In software development, certain permissions and settings may be designed as revocable, allowing users to change access as needed.
• Revocable features in apps can enhance user experience by enabling quick adjustments without major disruptions.

Main points about word origin

• The term comes from the Latin word 'revocabilis,' which means 'able to be revoked'.
• The prefix 're-' in 'revocable' suggests going back or repeating, while '-able' indicates the ability to do something.

The term 'revocable' is derived from the Latin word 'revocabilis', which means 'able to be recalled'. This Latin term is composed of 're-', meaning 'again', and 'vocare', meaning 'to call'. The usage of 'revocable' in English began around the 14th century, emerging from legal jargon concerning agreements and permissions that could be nullified. Initially, it was primarily used in legal contexts but has since spread to various domains, including contracts, wills, and general usage, where the possibility of cancellation is relevant. The concept underscores the flexibility in agreements, allowing parties to alter or withdraw consent based on changing circumstances.