escalator 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. 2013.
Cite This Source
Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source
|
Link To escalator clause
Collins
World English Dictionary
| escalator clause | |
| —n | |
| a clause in a contract stipulating an adjustment in wages, prices, etc, in the event of specified changes in conditions, such as a large rise in the cost of living or price of raw materials | |
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
00:10
Escalator clause
is always a great word to know.
So is zedonk. Does it mean:
| an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle. |
| the offspring of a zebra and a donkey. |
Example sentences
She said that the three percent escalator clause would be removed.
He has an escalator clause in his contract that says he has to be the top paid coach in the conference.
The current contract has an escalator clause due to the chemical costs.
The lease also has an annual escalator clause that will further raise rental costs.
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