Definition of escalator clause Escalator clause

es•ca•la•tor clause

We found 2 definitions of escalator clause from 2 different sources.

What does escalator clause mean?

Noun
escalator clause - 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)
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escalator clause (Noun)
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.