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Escalator clause |
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Escalator clauseProvision in a contract allowing cost increases to be passed on. In an employment contract, for example an escalator clause may call for wage increases in line with inflation.Escalator clause Similar MatchesInflation escalator clauseInflation escalator clauseA clause in a contract providing for increases or decreases in inflation depending on fluctuations in the cost of living, production costs, and so forth. |
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