cost-of-living adjustment(redirected from Automatic Cost of Living Adjustment)
Also found in: Financial.
n. Abbr. COLA
An adjustment made in wages that corresponds with a change in the cost of living.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.