/kɒst ʌv lɪvɪŋ əˈdʒʌstmənt/ – Phrase
Definition: Điều chỉnh chi phí sinh hoạt.
A more thorough explanation: a change in pay based on a change in how much it costs to live
Example: The cost-of-living adjustment is one of the smallest increases since annual adjustments were agreed to in 1975.