Word info

triple lock

Noun

Meaning

triple lock

(UK, finance) A policy whereby the state pension is increased every year to match either price inflation, earnings growth, or a third fixed rate, whichever is highest.

triple-lock

(Ireland, informal) The requirement that approval is received from the Irish government, the Dáil (parliament), and the United Nations, prior to any overseas military action by Irish defence forces.

Source: en.wiktionary.org

Alternative names

triple-lock

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