What does escalator clause mean?

Definitions for escalator clause
es·ca·la·tor clause

Here are all the possible meanings and translations of the word escalator clause.

Princeton's WordNet

  1. escalator clause, escalator(noun)

    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)

Freebase

  1. Escalator clause

    An escalator clause is a clause in a lease or contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting the value has been determined. Escalator clauses are quite common in construction contracts to cover unexpected costs due to fluctuations in the prices for raw materials, fuel, and labor during the course of the construction project. This subject is often taught as part of a Management or Economics degree at university.

How to pronounce escalator clause?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say escalator clause in sign language?

  1. escalatorclause

Numerology

  1. Chaldean Numerology

    The numerical value of escalator clause in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of escalator clause in Pythagorean Numerology is: 2

Images & Illustrations of escalator clause

  1. escalator clauseescalator clauseescalator clauseescalator clauseescalator clause

Translation

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"escalator clause." Definitions.net. STANDS4 LLC, 2020. Web. 2 Jun 2020. <https://www.definitions.net/definition/escalator+clause>.

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