Definition of 'escalator clause'

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Definitions of 'escalator clause'

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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"escalator clause." Definitions.net. STANDS4 LLC, 2009. 9 January. 2009. http://www.definitions.net/definition/escalator clause

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