cost of living clause
- A provision found in agreements, commonly within collective bargaining contracts, that ensures an individual's salary or payments may rise in response to an augmented cost of living
- The union pushed for a cost of living clause to protect their workers from inflation.
- The cost of living clause in her contract ensured that her payments kept up with the rising costs of commodities.
- In light of the rising cost of rent in the city, additions such as a cost of living clause in contracts are becoming increasingly common.