escalator clause
escalator clause · escalator clauses
A clause in a lease or contract that guarantees a change in the agreement price once a…A clause in a lease or contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting the value has been determined.
Meaning
1 sensesA clause in a lease or contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting the value has been determined.
More definitions
- 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)
Forms
plural: escalator clauses| Singular | escalator clause |
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| Plural | escalator clauses |
regular
Synonyms
1 synonymsClose in meaning
- 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