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escalator clause: Meaning and Definition of

es'calator clause"

Pronunciation: [key]
  1. a provision in a contract calling for adjustments, usually increases, in charges, wages, or other payments, based on fluctuations in production costs, the cost of living, or other variables. Also called,
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.