Difference between revisions of "Escalator clause"
Jump to navigation
Jump to search
(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 ...) |
(No difference)
|
Revision as of 21:30, April 23, 2007
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).