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thank you, come again!
Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

COST OF LIVING CLAUSE

in a long-term contract, a clause that adjusts the price paid [for the goods/services received] – in an amount equal to the change in the cost-of-living.

For instance, in a lease of commercial property, the contract often provides that the rent will be increased once a year in an amount equal to the rise in the consumer price index [for the area] – as published by the Bureau of Labor Statistics.
Congratulations! You're now Froogled Up™ on what "Cost of Living Clause" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,



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