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词汇 escalator clause
释义

Definition of escalator clause in English:

escalator clause

(also escalation clause)
noun
  • A clause in a contract that allows for a rise in wages or prices under certain conditions.

    自动调整条款(允许在某些条件下提高工资或价格的条款)

    Example sentencesExamples
    • The contract price did not contain an escalation clause, although this would have been difficult with the daily fluctuations in livestock prices.
    • With pricing uncertainty making hard-dollar contracts risky, industry associations are petitioning government agencies for relief through escalation clauses on new contracts.
    • The agreement includes a 6 per cent escalator clause.
    • None of the contractors protected itself with a price escalation clause.
    • Mechanical contractors are also trying to add material-price escalator clauses to their contracts.
    • You could try inserting a materials-price escalation clause into contracts.

Definition of escalator clause in US English:

escalator clause

nounˈeskəˌlādər klôz
  • A clause in a contract that allows for an increase or a decrease in wages or prices under certain conditions.

    自动调整条款(允许在某些条件下提高工资或价格的条款)

    Example sentencesExamples
    • None of the contractors protected itself with a price escalation clause.
    • With pricing uncertainty making hard-dollar contracts risky, industry associations are petitioning government agencies for relief through escalation clauses on new contracts.
    • Mechanical contractors are also trying to add material-price escalator clauses to their contracts.
    • The contract price did not contain an escalation clause, although this would have been difficult with the daily fluctuations in livestock prices.
    • The agreement includes a 6 per cent escalator clause.
    • You could try inserting a materials-price escalation clause into contracts.
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