escalator definition, escalator meaning | English dictionary

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1    a moving staircase consisting of stair treads fixed to a conveyor belt, for transporting passengers between levels, esp. between the floors of a building  
2       short for       escalator clause  
     (C20: originally a trademark)  

escalator clause  
      n   a clause in a contract stipulating an adjustment in wages, prices, etc., in the event of specified changes in conditions, such as a large rise in the cost of living or price of raw materials  
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