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Definitions from WordNet
Noun escalator clause has 1 sense
- escalator clause, escalator - 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)
--1 is a kind of article, clause
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Definitions from the Web
Escalator Clause
Description:
An escalator clause refers to a contractual provision that allows for adjustments or changes to be made automatically based on specific factors such as inflation, market conditions, or other predetermined criteria.
Sample Sentences:
- The lease agreement included an escalator clause that applied an annual rent increase based on the consumer price index.
- During periods of economic downturn, some employment contracts have built-in escalator clauses that reduce salaries proportionally.
- The construction contract had an escalator clause that accounted for increases in material costs over the project's duration.
- Investing in treasury bonds guarantees a return due to their escalator clauses that adjust for inflation.
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