Codicil

Business, Legal & Accounting Glossary

Definition: Codicil


Quick Summary of Codicil


A supplement or addition to a will. A codicil may explain, modify, add to, subtract from, qualify, alter or revoke existing provisions in a will. Because a codicil changes a will, it must be signed in front of witnesses, just like a will.



What is the dictionary definition of Codicil?

Dictionary Definition


n. a written amendment to a person’s will, which must be dated, signed and witnessed just as a will would be, and must make some reference to the will it amends. A codicil can add to, subtract from or modify the terms of the original will. When the person dies, both the original will and the codicil are submitted for approval by the court (probate) and form the basis for administration of the estate and distribution of the belongings of the writer.


Cite Term


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https://payrollheaven.com/define/codicil/
Modern Language Association (MLA):
Codicil. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 27, 2020 https://payrollheaven.com/define/codicil/.
Chicago Manual of Style (CMS):
Codicil. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/codicil/ (accessed: November 27, 2020).
American Psychological Association (APA):
Codicil. PayrollHeaven.com. Retrieved November 27, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/codicil/

Definition Sources


Definitions for Codicil are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 1 Views.