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escalator clause

Syllabification: es·ca·la·tor clause

Definition of escalator clause in English:

noun

A clause in a contract that allows for an increase or a decrease in wages or prices under certain conditions.
Example sentences
  • You could try inserting a materials-price escalation clause into contracts.
  • None of the contractors protected itself with a price escalation clause.
  • The contract price did not contain an escalation clause, although this would have been difficult with the daily fluctuations in livestock prices.

Definition of escalator clause in:

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