ESCALATOR CLAUSE
(noun)Definitions
There is 1 meaning of the phrase
Escalator Clause.
Escalator Clause - as a noun
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)
Synonyms (Exact Relations)
escalatorExample Sentences
"The contract includes an escalator clause that automatically increases the rent by 3% each year."
"To protect against inflation, the government added an escalator clause to the minimum wage law."
"The loan agreement includes an escalator clause that adjusts the interest rate based on market conditions."
"The union negotiated an escalator clause in their contract that guarantees annual salary increases."
"The price of the concert tickets goes up every month due to the implementation of an escalator clause."
