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Definition of Escalator Clause in English :

Define Escalator Clause in English

Escalator Clause meaning in English

Meaning of Escalator Clause in English

Pronunciation of Escalator Clause in English

Escalator Clause pronunciation in English

Pronounce Escalator Clause in English

Escalator Clause

see synonyms of escalator clause

Noun

1. escalator, escalator clause

a clause in a contract that provides for an increase or a decrease in wages or prices or benefits etc. depending on certain conditions (as a change in the cost of living index)

WordNet Lexical Database for English. Princeton University. 2010.

Escalator Clause

see synonyms of escalator clause
noun
a clause in a contract stipulating an adjustment in wages, prices, etc, in the event of specified changes in conditions, such as a large rise in the cost of living or price of raw materials

Collins English Dictionary. Copyright © HarperCollins Publishers

Escalator Clause

see synonyms of escalator clause
a clause in a contract providing for increases or decreases in wages, prices, etc. based on fluctuations in the cost of living, production costs, etc.

Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights reserved.

Escalator Clause

see synonyms of escalator clause
n.
A provision in an agreement or regulation giving a party or beneficiary the benefit of an increase in payment, or an excuse from payment of an additional amount, where some specified change in financial conditions occurs, such as an increase in cost of living.

The American Heritage ® Dictionary of the English Language, Fifth Edition copyright ©2018 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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