Escalation is an increase in premiums or policy benefits in line with agreed factors, such as inflation.
The extension does not provide automatic coverage for project over-run on accountof price variation, as the maximum escalation permitted under the policy is 50 percent of the prime cost.
Escalation provides for automatic increases on a defined basis in premiums and sums insured.
Escalation is an increase in premiums or policy benefits in line with agreed factors, such asinflation.
Examples of 'escalation' in a sentence
escalation
`Given the escalation of events, Miss Lewis, there would indeed seem to be very little point.
Parkes, Roger RIOT (2002)
There seemed no sign of escalation or variation caused by a lack of satisfaction with previous efforts.
Val McDermid THE LAST TEMPTATION (2002)
"Come on," Will said, setting down his omelet in case there was an escalation in hostilities.
Clive Barker SACRAMENT (2002)
Synonyms of 'escalation'
increase, rise, build-up, expansion
More Synonyms of escalation
All related terms of 'escalation'
re-escalation
the act of re-escalating
escalation clause
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
price escalation
→ price escalation clause
price escalation clause
a clause in a contract allowing the seller to raise prices if the cost of inputs increases
de-escalate
to reduce the level or intensity of (a crisis , etc)
(noun)
a sudden escalation of unrest in the south-eastern region