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Meaning of “ratchet sth down” in the English Dictionary

"ratchet sth down" in Business English

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ratchet sth down

phrasal verb with ratchet uk   us   /ˈrætʃɪt/ verb
to reduce something in controlled stages over a period of time: The state plans to ratchet down greenhouse gas emissions by 25% within the next 10 years.
(Definition of ratchet sth down from the Cambridge Business English Dictionary © Cambridge University Press)
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