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escalator clause (M2)<br />A clause in a contract designed to revise payments due under that contract in line with changes in a specified price index. In times of considerable inflation, these clauses are popular in labour and building contracts, as well as in tax schedules and social security benefits tables.<br /><em>See also:</em> cost of living adjustment
angel (M2)<br />An investor in a stage production or new business venture. The risk and returns to this kind of investment can be very high. In London, for example, there are several hundred 'angelic' investors in the theatre.
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alleviation (02)<br />A DEVELOPMENT strategy of softening POVERTY, not eliminating it; for example, by giving every child primary education and every mother health care.
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