COLA /ˈkəʊlə/ BrE AmE noun abbreviation for
cost of living adjustment; in the US, an increase to people's wages or ↑ social security and ↑ welfare payments to prevent them being affected by ↑ inflation (=the gradual rise in the price of goods etc)
COLA /ˈkəʊlə/ BrE AmE noun abbreviation for
cost of living adjustment; in the US, an increase to people's wages or ↑ social security and ↑ welfare payments to prevent them being affected by ↑ inflation (=the gradual rise in the price of goods etc)
Longman Dictionary of Contemporary English. Longman - Словарь современного английского языка. 2012