cost of living clause
noun
: a clause in an agreement (as a collective bargaining agreement) that provides for increase of payments (as wages) made under the agreement in some proportion to the increase in the cost of living
Dictionary Entries Near cost of living clause
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“Cost of living clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/cost%20of%20living%20clause. Accessed 25 Nov. 2024.
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