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escalator clause

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Escalator clause
Provision in a contract allowing cost increases to be passed on. In an employment contract, for example an escalator clause may call for wage increases in line with inflation.

Escalator Clause
A clause in a contract stating that a certain payment increase will grow each year according to some formula stated in the contract. For example, an employment contract may have an escalator clause allowing for small increases in salary each year. An escalator clause usually exists to protect one party to the contract from inflation.

escalator clause

See escalation clause.



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What you need to look for in your Miami rental property lease is an escalator clause.
A subsidiary of ABC acquired a lease with a rent escalator clause and purchase option.
Items included: * Audits for 2006 and 2007 * Reserves * ANA's Related Entities * ANA's Core Issue Work--2006--2008 * Financial Impact of End of Affiliation Agreements * Dues Escalator Clause * Relevance, Recruitment and Retention Campaign * ANA: One Strong Voice--Nurses Making a Difference Together (Partnership Plan) * ANA's Opportunities and Challenges In 2006, the Association had a $2.
 
 
 
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