cost of living clause

Definition of "cost of living clause"
  1. 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
How to use "cost of living clause" in a sentence
  1. The union pushed for a cost of living clause to protect their workers from inflation.
  2. The cost of living clause in her contract ensured that her payments kept up with the rising costs of commodities.
  3. 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.

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