A clause in a lease providing for an increased rental at a future time. Several such clauses are: (1) cost of living - a clause which ties the rent to a government cost of living index, with periodic adjustments as the index changes; (2) fixed increases - a clause which calls for a definite, periodic rental increase; (3) direct expense - the rent adjusted according to changes in the expenses of the property paid by the lessor, such as tax increases, increased maintenance costs, etc.
an increase to counteract a perceived discrepancy; "higher wages caused an escalation of prices"; "there was a gradual escalation of hostilities"
A clause in a real estate lease that provides for an adjustment to the rent, usually based on some external event such as a rise in the Consumer Price Index (CPI).
The right of a lender to increase the rate of interest in a loan agreement.
The procedure of reporting (and passing responsibility for resolving) a security breach to a higher level of command. See also, :Internal escalation," "External escalation," and "Conflict-of-interest escalation."
The mechanism in a lease that increases the rent annually.
1. Additional rent payments owed by a tenant based on the increase in the costs of operating the building. See Base, above. 2. A clause in a purchase contract providing for upward adjustment of the contract price if specified contingencies occur.
A system whereby pensions in payment and/or preserved benefits are increased regularly at a fixed or variable percentage rate. The percentage increase applied may be limited to the increase in a specified index. Escalation may be promised and paid for in advance of retirement, or may be granted on a discretionary basis after retirement takes place.
An anticipated rise in uncommitted cost s of resources ( labor, material, equipment) over time, due to reduced purchasing power of money. A component of a cost type. The allowance for escalation is a component within the anticipated award cost of a cost class. [D00608] CCCP Increase of budget due to inflation, etc. [D00609] NPMT Use of a price to convert past price s to present, or present to future. An increase due to inflation. [D02315] DSMC
Escalation is an increase in intensity of a conflict. According to Dean Pruitt and Jeffery Rubin (1986, 7-8), as a conflict escalates, the disputants change from relatively gentle opposition to heavier, more confrontational tactics. The number of parties tends to increase, as does the number of issues, and the breadth of the issues (that is, issues change from ones which are very specific to more global concerns). Lastly, disputants change from only wanting to win themselves, to wanting also to hurt the opponent. While conflicts escalate quickly and easily, de-escalation, a diminishing of intensity, is often much harder to achieve.
The mechanism in a lease which increases the rent, usually annually. May be set forth in fixed steps, tied to increases in operating expense, or to increases in the Consumer Price Index (CPI).
Use of a price index to convert past to present prices or of converting present to future prices; increase due to inflation and outlay rates for the type of equipment being acquired and the branch or the service involved.
Leases often include escalations or stepped increases in rent to be paid by the tenant to the landlord at a specified future date. This can be annually, for example, year five of a 10-year lease, or set to an index such as CPI.
The process of informing increasing levels of management when a service level is not met. This is defined according to service level management rules established in the service level agreement.
Source: DSMC Use of a price index to convert past to present prices or to convert present to future prices; increase due to inflation and outlay rates for the appropriation and the branch or the service involved.
A term used to describe contracted increases in pensions in payment, or in regular contributions.
Provision for automatic increases on some defined basis in premiums and sums insured.
Refers to the increase in benefit (usually annual) payable during the payment term of an insurance claim that is not settled via a lump sum payment. For example, claims under an Income Protection Policy might escalate annually in line with the Retail Price Index.
Escalation is increased intensity of conflict. According to Pruitt and Rubin (1986, 7-8), as a conflict escalates, the disputants change from relatively gentle opposition to heavier, more confrontational tactics. The number of parties tends to increase, as do the number of issues and the breadth of those issues (i.e. they expand from the very specific to more global concerns). Disputants also change, and move from wanting to win themselves to wanting to hurt the opponent. While conflicts escalate quickly and easily, de-escalation - the diminution of intensity - is often much harder to achieve (Conflict Research Consortium, 1998).
This is an automatic increase in the amount of pension a member gets (or will get in the future). The amount goes up at regular times, and usually at a fixed rate.
Provision for an increase in cost of equipment, material, labor, etc., over the costs specified in the contract, due to continuing price-level changes overtime. Escalation has the same effect on project costs as interest does on the value of a savings account: each year becomes a new base for calculating escalation for the following year (compounded) (AACE International, 1992).
An amount or percentage by which a contract price may be adjusted if specified contingencies occur, such as changes in the supplier's raw material or labor costs.
When a pension in payment is automatically increased at regular intervals by a fixed percentage rate or the increase of a specific index such as the Retail Prices Index (RPI).