ESCALATOR CLAUSE
Dictionary entry overview: What does escalator clause mean? • ESCALATOR CLAUSE (noun)
The noun ESCALATOR CLAUSE has 1 sense:
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)
Familiarity information: ESCALATOR CLAUSE used as a noun is very rare.
Dictionary entry details
• ESCALATOR CLAUSE (noun)
Meaning:
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)
Classified under:
Nouns denoting communicative processes and contents
Synonyms:
escalator; escalator clause
Hypernyms ("escalator clause" is a kind of...):
article; clause (a separate section of a legal document (as a statute or contract or will))
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