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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.
Definition source: English Wiktionary via Wiktextract
Topics: law
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
a clause in a contract that provides for an increase or a decrease in wages or prices or benefits etc. depending on certain conditions (as a change in the cost of living index)
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: escalator
Antonyms: none provided
Broader terms: article, clause
No etymology was provided for this word.