Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
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. 0 A cost-ofliving clause may also cover a decrease, though this is rare. See INFLATION. cost-of-living index See CONSUMER PRICE INDEX.