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1. (n.) escalator clause
a provision in a contract calling for adjustments, usu. increases, in charges, wages, or other payments, based on fluctuations in production costs, the cost of living, or other variables.
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| Definition of 'escalator clause' |
Princeton's WordNet |
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1. (noun) escalator clause, escalator
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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Definitions of escalator clause 
