Escalator Clause (noun) Definition, Meaning & Examples

noun
  1. 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.
noun
  1. 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
Escalator Clause (noun) Definition, Meaning & Examples

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