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Meaning of ESCALATOR CLAUSE

Pronunciation:  'esku`leytur kloz

 
WordNet Dictionary
 
 Definition: 
[n]  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)
 
 Synonyms: escalator
 
 See Also: article, clause

 

 

 

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