HyperDic: escalator_clause

English > 1 sense of the expression escalator clause:
NOUNcommunicationescalator clause, escalatora 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)
English > escalator clause: 1 sense > noun 1, communication
MeaningA 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).
Synonymescalator
Broaderarticle, clauseA separate section of a legal document (as a statute or contract or will)

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