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irrevocable 

An adjective:
Incapable of being changed or called back.
He had called me stupid and tried to take back those words, but to me, they were irrevocable.
irrevocable by gr4mm4rg33k December 10, 2010

Irreversible 

Controversial French flick released in 2002, directed by Gaspar Noe. Won the "Bronze Horse" award at the Stockholm Film Festival and was nominated for the Palme d'Or at Cannes. Also one of the most difficult movies to watch, due to a 9-minute rape scene and a guy getting his face caved in with a fire-extinguisher to some really creepy-ass music.
More than 200 people walked out of Irreversible at Cannes, mostly due to its lengthy rape scene.
Irreversible by Brian Chidueme October 17, 2007

irreversible consequence 

A consequence that cannot be reversed.
Some consequences are evitable, such as preventing or reducing the extent of an injury by wearing a seat-belt, or preventing a pregnancy by using a condom.

However, other consequences are inevitable, such as being disliked after saying something offensive.

And an irreversible consequence is one no one can go back in time and prevent from taking place because the action which produced it was executed.

The only way to prevent any type of consequence is by not executing an action (known to produce certain types of consequences).

Nonetheless, not doing anything might also generate some type of foreseeable or unforeseeable consequence.

Irreversible 

Something of which, once it has occured, cannot be changed nor undone.
Person 1: I just burnt my old diary!
Person 2: Are you sure you did the right thing? It's irreversible, you know...
Irreversible by Dina June 16, 2006

[Irrevocable Life Insurance Trust] , [ILIT]

Used primarily for estate creation, estate preservation, and estate conservation. Basically, a irrevocable trust is drafted (meaning drafted, designed, and created by a licensed JD professional aka a lawyer and/or attorney) to hold a LARGE life insurance policy on the insured (usually a parent(s), or the spouses parent(s), and upon materialization of the death certificate, the ILIT receives the death benefit insurance proceeds tax free!!! Yes, that's right, tax free! Most the time insurance proceeds are tax free, but there's the exemption limit, so even if the death benefit is WELL OVER the current exemption limit, the entire thing is passed tax free to the trust. The trust itself then has beneficiaries who receive the proceeds in accordance with the trusts design and instructions.
Irrevocable Life Insurance Trust , ILIT --- Basically, a child (grown up in this example) decides he'd/she'd like to after college, get a good job, and use his/her income (or some of it) to purchase a LARGE life insurance policy on his/her parents, and place it in a Irrevocable Life Insurance Trust, ILIT. Then upon materialization of the death certificate, the child is then passed tax free TONS of dinero! Then the child can take it easy, retire, and live off of e.g investments of any kind, perhaps treasury inflation protected securities.

Irrevocable 

1. Unalterable; unable to be undone
2. That word on the back of the first Twilight novel that nobody knows how to pronounce, or is really sure of what it means
Guy 1: Dude, Jessica told me her love for me is i-re-VO-cable?
Guy 2: She's been reading Twilight again...get out while you can
Irrevocable by cannonproof25 January 11, 2011