escalator clause

(redirected from escalation clauses)
Also found in: Thesaurus, Legal, Financial.

escalator clause

n.
A provision in an agreement or regulation giving a party or beneficiary the benefit of an increase in payment, or an excuse from payment of an additional amount, where some specified change in financial conditions occurs, such as an increase in cost of living.

escalator clause

n
(Industrial Relations & HR Terms) a clause in a contract stipulating an adjustment in wages, prices, etc, in the event of specified changes in conditions, such as a large rise in the cost of living or price of raw materials

es′calator clause`


n.
a provision in a contract calling for adjustments, usu. increases, in charges, wages, or other payments, based on fluctuations in production costs, the cost of living, or other variables.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.escalator clause - 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)
clause, article - a separate section of a legal document (as a statute or contract or will)
Translations

escalator clause

nGleitklausel f

escalator clause

nclausola di indicizzazione or di revisione
Mentioned in ?
References in periodicals archive ?
In addition, there was an increase in rental fees due to escalation clauses in existing lease agreements.
00 / MMbtu with 3% escalation clauses to other sources.
The proposal may include escalation clauses for inflation tied to the Consumer Price Index (CPI).
CRISIL believes that TR Trehan will maintain its credit risk profile over the medium-term, supported by its low gearing, expected stable operating margin because of inclusion of price escalation clauses in its customer contracts, and its promoters' experience in executing road construction and earthwork projects in Madhya Pradesh.
Also, compare current prevailing prices, escalation clauses, pass-throughs, inflation adjustments, up-front fees, cancellation fees and penalties.
and in their contracts with oil companies the price escalation clauses are benchmarked to indexes that we [ucg] generate.
About 18 percent of all builders now use such contracts, and escalation clauses are most common for small builders (23 percent).
Escalation clauses call for the rent of a newspaper publisher to increase to the same extent that inflation causes operating expenses for running the building to increase.