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United Kingdom
Key definition
Inflation definition

What does Inflation mean? In legal practice, inflation describes the general rise in prices over time and the corresponding erosion of money’s purchasing power, most often addressed through indexation clauses in contracts (rent review, price adjustment, construction fluctuations), pension revaluation, maintenance and periodical payments, and statutory uprating. It is an economic concept rather than a defined legal term; the law and contracts usually refer to specified price indices. Across England & Wales, Scotland and Northern Ireland, the principal measures are the consumer prices index (cpi) and CPIH (ONS), with the Retail Prices Index (RPI) still used in some legacy leases, bonds and...

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Zero-Coupon Inflation Swap under an ISDA Master Agreement: Step-by-Step Structure and Single Net Settlement at Maturity

Practice notes
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Step-by-step guide

  • Party A and Party B execute an International Swaps and derivatives Association (isda) Master Agreement, together with a Schedule, and agree with one another that they will document their zero‑coupon inflation swap (ZC) by means of an ISDA confirmation
  • Presume a notional amount of...
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Web page updated on 22/05/2026

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