ESCALATOR CLAUSE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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)

Synonyms:

escalator; escalator clause

Classified under:

Nouns denoting communicative processes and contents

Hypernyms ("escalator clause" is a kind of...):

article; clause (a separate section of a legal document (as a statute or contract or will))

Credits