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Escalator clause (view source)

Revision as of 21:30, April 23, 2007

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New page: An escalator clause in a contract is a provision that adjusts wages, pension benefits, insurance or loan repayments over time based on a change in overall living costs or changes in price ...
An escalator clause in a contract is a provision that adjusts wages, pension benefits, insurance or loan repayments over time based on a change in overall living costs or changes in price levels such as the consumer price index (CPI).
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