Meaning of “ratcheting” in the English Dictionary

business-english dictionary

"ratcheting" in Business English

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ratchetingadjective

uk /ˈrætʃɪtɪŋ/ us

ratcheting costs, levels, etc. are increasing:

Reduced demand and ratcheting costs are forcing many small businesses to close.

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