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.]
How do Chinese lawyers translate the term COST-OF-LIVING CLAUSE?
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