Link or Embed The terms that Microsoft uses for putting an object from one application inside another are linking and embedding. When you link a chart from an Excel worksheet to a Word document, the ...

To embed or add a Word document inside Excel requires the user to do so via Objects, Paste special, Linked documents, or creating a new file.

Microsoft Word has a date field, but it's not easy to use in an expression. If you need to update dates in a document, use Excel to calculate the dates and then run a mail merge.