COLA


Meaning of COLA in English

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.