- A contract or a clause within a contract that cannot be rescinded, repealed, and/or modified.
unchangeable, immutable, permanent
Related Terms and Acronyms
- Indefeasible — Definition,
- That which cannot be forfeited or done away with. Indemnity Protection or exemption from loss or damage.
- Modification — Definition,
- A change in terms of the loan agreement.
- Rescission — Definition,
- Cancellation of a contract by agreement of the parties.