What is another word for escalator clauses?
Pronunciation: [ˈɛskɐlˌe͡ɪtə klˈɔːzɪz] (IPA) 
Escalator clauses are contractual terms that provide for an automatic increase in price or wages based on set criteria. However, there are various synonyms for the term escalator clauses, such as automatic adjustment provision, cost of living adjustment, and inflation indexation. Some other comparable terms include an index-linked clause, price acceleration clause, and step-up provision. These clauses are often used in employment contracts, lease agreements, and purchase agreements to account for inflation and changing market conditions. Nevertheless, the use of escalator clauses could be a matter of contention, as it may affect the bargaining power of parties and potentially increase the cost of goods and services.
