Fluctuation
/ˌflʌktʃuˈeɪʃən/
Definitions
- (n.) A variation or change in a legal or economic condition, often affecting contractual terms, market values, or statutory interpretations over time.
The fluctuation in currency exchange rates impacted international trade agreements.
Forms
- fluctuations
Related terms
See also
Commentary
In legal contexts, 'fluctuation' typically refers to changes in conditions affecting agreements or statutes, and precision in documenting such changes can mitigate disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.