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The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.

Cost Of Living Clause

cost of living clause n

: 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



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.

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