noun
Abbr. COLAAn adjustment made in wages that corresponds with a change in the cost of living.
noun
Abbr. COLA
MLA Style
APA Style
A provision in wage contracts or government payments such as Social Security that provides for automatic increases in wages or benefits. Often COLA agreements are linked to the consumer price index (CPI); when the CPI, or inflation, rises, so do the payments.
MLA Style
APA Style