Non-remittable
Non-remittable, in a legal or financial context, describes something that cannot be cancelled, waived, rescinded, or refunded. It signifies an irreversible or absolute obligation or condition. This often applies to financial transactions like taxes or fees, legal rulings like sentences, or agreements where modification is not permitted. The term underscores a finality and lack of flexibility, indicating that the initial commitment or state remains unchanged and cannot be undone. It points to an unyielding nature, ensuring enforcement without recourse to cancellation.
Non-remittable meaning with examples
- The tax penalty for late filing was declared non-remittable by the IRS, leaving the business owner no option to seek a refund or exemption. Despite pleas, the court ruled that the original sentence, due to the severity of the crime, was non-remittable.
- In their contract, the clause establishing liability for damages in case of property damage was, according to legal advisors, specifically designed to be non-remittable. This meant that there was no circumstance under which the payment could be removed or modified.
- The terms of the international treaty, especially concerning resource management, were established as non-remittable to prevent constant negotiation and guarantee a stable international framework for natural assets.
- Due to the nature of the funding program, any funds disbursed to the researchers were non-remittable. After providing the grant, there were no circumstances under which the grants would be recoverable by the funding organization.
- The agreement stipulated that the initial security deposit on the property was non-remittable if the renter broke the contract before the end date. This rule aimed to protect the property owner for any expenses or risks associated with the tenant's early leave.