Gliding Clause

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Gliding Clause

A clause in a contract allowing the seller of a good to charge the market value of the good upon delivery, rather than when the contract is signed. For example, if the market value of a car is $15,000 when the car is sold but $17,000 when the buyer picks it up, the buyer must pay $17,000. A gliding clause may be used as a hedge against inflation.