What does escalator clause mean?

Here's a list of possible definitions for the term 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.

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



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