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escalator clause


from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A provision in a contract stipulating an increase or a decrease, as in wages, benefits, or prices, under certain conditions, such as changes in the cost of living.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A clause in a lease or contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting the value has been determined.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. 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)


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