What is the meaning of escalator clause?

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. ).
WordNet 3.0 © 2006 by Princeton University
11
 
|15 years ago|439 views|share |citing 
APAWordNet. (2010). escalator clause. Retrieved September 20, 2026, from http://smartdefine.org/escalator_clause/definitions/1216188
ChicagoWordNet. 2010. "escalator clause" http://smartdefine.org/escalator_clause/definitions/1216188 (accessed September 20, 2026).
HarvardWordNet 2010, escalator clause, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/escalator_clause/definitions/1216188>.
MLAWordNet. "escalator clause" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/escalator_clause/definitions/1216188>
{ class="autoclick" }next definition (/)