Reference meaning
escalator
Last updated
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)
Related source terms
escalator clause
Other meanings
2. noun
a stairway whose steps move continuously on a circulating belt
Source and scope
This definition is reproduced from Princeton WordNet 3.0, sense 06393800-n, under the WordNet 3.0 License. It has not yet received VocabularyBase editorial review. Read the source and license details.