Search Result for "escalator clause":
Wordnet 3.0

NOUN (1)

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);
[syn: escalator clause, escalator]


WordNet (r) 3.0 (2006):

escalator clause n 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) [syn: escalator clause, escalator]