What does cost-of-living allowance mean?
Definitions for cost-of-living allowance
cost-of-liv·ing al·lowance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost-of-living allowance.
Princeton's WordNet
cost-of-living allowancenoun
an allowance for changes in the consumer price index
Wikipedia
cost-of-living allowance
Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates.
ChatGPT
cost-of-living allowance
A cost-of-living allowance (COLA) is a periodic adjustment amount given to employees, often calculated based on changes in inflation metrics like the Consumer Price Index, to offset or mitigate effects of inflation on their standard of living. This allowance aims to ensure that the purchasing power of an individual's income stays constant despite increased costs for goods and services. In some cases, COLA is also provided to employees relocated to an area with higher living costs compared to their previous location.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of cost-of-living allowance in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of cost-of-living allowance in Pythagorean Numerology is: 3
Translations for cost-of-living allowance
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"cost-of-living allowance." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/cost-of-living+allowance>.
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