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When the Value of a Payment Is Adjusted in Proportion

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When the value of a payment is adjusted in proportion to changes in the CPI,economists refer to that as


Definitions:

Extrinsic Documents

Documents that are not part of the original contract but are referenced and incorporated by implication or necessity.

Specification of Heirs

is the process or legal document in which a person designates who will inherit their assets after death.

Nuncupative Will

An orally delivered will, often made in anticipation of imminent death, and usually requiring witnesses, with legal recognition varying by jurisdiction.

Notarial Will

A will that is drafted and executed with formalities dictated by law, often involving a notary and witnesses.

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