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escalator clause

/ˌɛskəˈleɪdər klɔz/
IPA guide

Other forms: escalator clauses

Definitions of escalator clause
  1. 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)
    synonyms: escalator
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    type of:
    article, clause
    a separate section of a legal document (as a statute or contract or will)
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