ESCALATOR CLAUSE

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does escalator clause mean? 

• ESCALATOR CLAUSE (noun)
  The noun ESCALATOR CLAUSE has 1 sense:

1. 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)

  Familiarity information: ESCALATOR CLAUSE used as a noun is very rare.

 Dictionary entry details 

• ESCALATOR CLAUSE (noun)

Sense 1

Meaning:

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)

Classified under:

Nouns denoting communicative processes and contents

Synonyms:

escalator; escalator clause

Hypernyms ("escalator clause" is a kind of...):

article; clause (a separate section of a legal document (as a statute or contract or will))