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escalator clause
(redirected from escalator clauses)

    Also found in: Legal, Financial, Wikipedia 0.23 sec.
escalator clause
n.
A provision in a contract stipulating an increase or a decrease, as in wages, benefits, or prices, under certain conditions, such as changes in the cost of living.
ThesaurusLegend:  Synonyms Related Words Antonyms
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)
escalator
clause, article - a separate section of a legal document (as a statute or contract or will)
Translations
escalator clause escalate n → Gleitklausel f


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? Mentioned in ? References in periodicals archive
 
25 percent and escalator clauses to cover inflation.
CITY GOVERNMENT ENGINEERS WARN OF ROLLING STRIKES by Daily News (Los Angeles, CA)
After the last set of fuel increases three years ago, some carriers built in escalator clauses into their contracts, but Switzer says, other reluctant operators do not always pass their costs on to the shippers and pursue the proper compensation because of the competitive nature of the industry.
Death by fuel, insurance, taxes: decreasing margins force Northern ... by Ross, Ian / Northern Ontario Business
Escalator clauses, such as inflation indexes, are now commonplace on the Westside.
First quarter sees lull in L.A.'s real estate market by Davis, Joyzelle / Los Angeles Business Journal
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