Revoked IRA

In Ireland in the 1980s, this term might have referred to some pretty dangerous dudes. But, these days, it just relates to a kind of retirement account.

IRA in this context refers to "individual retirement account." The account lets you save money for your golden years, with the government giving you tax breaks to help the funds grow.

Because of this tax advantage, there are detailed rules about how much you can put into the account and when you can take the money out. Once you put cash in, that cash is in. You can't take it out until retirement, without paying serious penalties.
A revoked IRA is the exception. It's like the 7-day free trial. If you create an IRA, you can get your money back in the first seven days, making it a revoked IRA. If you go past seven days, you don't see the cash again until you retire.