Meaning of “ratchet” in the English Dictionary

"ratchet" in British English

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ratchetnoun [ C ]

uk /ˈrætʃ.ɪt/ us /ˈrætʃ.ɪt/

(Definition of “ratchet” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"ratchet" in American English

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ratchetverb [ I/T ]

us /ˈrætʃ·ɪt/

to change an activity, amount, or feeling by degrees:

[ I ] Interest rates always ratchet down in an election year.
[ M ] Critics are trying to ratchet up public pressure on lawmakers.

(Definition of “ratchet” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"ratchet" in Business English

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ratchetnoun [ C ]

uk /ˈrætʃɪt/ us

FINANCE, STOCK MARKET an arrangement by which managers are given increasing numbers of shares in a company in relation to increases in its profits or success:

The sale has been rewarding for the chief executive, whose original 20% stake grew to 30% under a ratchet arrangement.

PRODUCTION a part of a machine that allows controlled movement in one direction only

a system that controls activity:

Tightening the interest-rate ratchet to control inflation would risk tipping the economy into a nasty downturn.

(Definition of “ratchet” from the Cambridge Business English Dictionary © Cambridge University Press)

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