cost of living clause

cost-of-living clause. A provision (as in a contract or lease) that gives an automatic wage, rent, or benefit increase tied in some way to cost-of-living rises in the economy. • A cost-of-living clause may also cover a decrease, though this is rare. See INFLATION. [Cases: Landlord and Tenant 200. 7.]
专业法律词汇 词条贡献者
法律翻译Howard,在一家顶尖的美国律师事务所担任专职法律翻译,专注翻译各类与信托与财产规划有关的法律文件。
Scroll to Top