Difference between revisions of "Escalator clause"
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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 ...) |
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| − | 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). | + | 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). |
Revision as of 20:02, May 22, 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).
