NOUN | communication | escalator clause, escalator | a clause in a contract that provides for an increase / increase / increase or a decrease in wages or prices or benefits etc. depending on certain conditions (as a change in the cost of living index) |
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Meaning | A clause in a contract that provides for an increase / increase / increase or a decrease in wages or prices or benefits etc. depending on certain conditions (as a change in the cost of living index). | |
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Synonym | escalator | |
Broader | article, clause | A separate section of a legal document (as a statute or contract or will) |
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