noun
Abbr. COLAAn adjustment made in wages that corresponds with a change in the cost of living.
cost-of-living adjustment
THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"Cost-of-living adjustment." YourDictionary. LoveToKnow. www.yourdictionary.com/cost-of-living-adjustment.
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Cost-of-living adjustment. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/cost-of-living-adjustment
cost-of-living adjustment - Investment & Finance Definition
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.
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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Cite this page
MLA Style
"Cost-of-living adjustment." YourDictionary. LoveToKnow. www.yourdictionary.com/cost-of-living-adjustment.
APA Style
Cost-of-living adjustment. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/cost-of-living-adjustment
