Meaning Of The Word Escalator clause
What's the definition of Escalator clause? Find Escalator clause meanings, definitions and more at the Real Dictionary online.
Escalator clause Meaning
| Escalator clause Definition |
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What's The Definition Of Escalator clause?
escalator clause in American English
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. noun: a provision in a contract calling for adjustments, usually increases, in charges, wages, or other payments, based on fluctuations in production costs, the cost of living, or other variables escalator clause in British English 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 |
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