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Meaning of escalator clause

Source language: EnglishDictionary language: English

escalator clause

noun

Definitions

  1. A clause in a lease or contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting the value has been determined.

Sources:https://en.wiktionary.org/wiki/escalator%20clause

Related words

conditionexit clauseacceleration clauseoperative clausebreak clauseweasel clauselaesio enormispedigree clause