Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
cost of living clause — A provision, commonly in labor agreements, and also in certain pension, retirement, and disability benefit programs, giving an automatic wage or benefit increase tied in some way to cost of living rises in the economy. Cost of living is usually… … Black's law dictionary
cost of living clause — A provision, commonly in labor agreements, and also in certain pension, retirement, and disability benefit programs, giving an automatic wage or benefit increase tied in some way to cost of living rises in the economy. Cost of living is usually… … Black's law dictionary
escalator clause — In union contract, a provision that wages will rise or fall depending on some standard like the cost of living index. In lease, provision that rent may be increased to reflect increase in real estate taxes, operating costs, and even increases in… … Black's law dictionary
escalator clause — In union contract, a provision that wages will rise or fall depending on some standard like the cost of living index. In lease, provision that rent may be increased to reflect increase in real estate taxes, operating costs, and even increases in… … Black's law dictionary
Living Constitution — The Living Constitution is a concept in constitutional interpretation which suggests that the Constitution should be seen as continually evolving with the society that implements it. The idea is associated with views that modern values should be… … Wikipedia
escalator clause — es·ca·la·tor clause / es kə ˌlā tər / n 1: a clause in a contract that provides for an increase in the amount of the payments made under the contract to reflect an increase in costs or the raising of a government imposed cap on costs 2: a clause… … Law dictionary
escalation clause — escalator clause or escalation clause noun A clause in an agreement allowing for adjustment up or down according to change in circumstances, as in cost of material in a work contract or in cost of living in a wage agreement • • • Main Entry:… … Useful english dictionary
escalator clause — ☆ escalator clause n. a clause in a contract providing for increases or decreases in wages, prices, etc. based on fluctuations in the cost of living, production costs, etc … English World dictionary
escalator clause — noun 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) • Syn: ↑escalator • Hypernyms: ↑article, ↑clause … Useful english dictionary
escalator clause — 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, esp. Brit., escalation clause. [1925 30,… … Universalium
