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Escalator clause   /ˈɛskəlˌeɪtər klɔz/   Listen
Escalator clause

noun
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).  Synonym: escalator.






WordNet 3.0 © 2010 Princeton University








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Words linked to "Escalator clause" :   article, escalator, clause



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