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escalation clause
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escalator clause
noun
a provision in a contract calling for adjustments, usually increases, in charges, wages, or other payments, based on fluctuations in production costs, the cost of living, or other variables.
Also called, especially British, escalation clause.
Origin:
1925–30, Americanism
1925–30, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source
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Escalation clause
is always a great word to know.
So is quincunx. Does it mean:
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| an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle. |
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