ratchet

(redirected from ratcheted down)
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ratchet

1. a device in which a toothed rack or wheel is engaged by a pawl to permit motion in one direction only
2. the toothed rack or wheel forming part of such a device

ratchet

[′rach·ət]
(design engineering)
A wheel, usually toothed, operating with a catch or a pawl so as to rotate in only a single direction.
References in periodicals archive ?
Now that rates have ratcheted down, it's a great time to limit upside risk while at the same time locking in this match funding strategy," Kovach said.
After McClatchy announced in October that it was cutting its dividend in half, for instance, Fitch ratcheted down the company's Issuer Default Rating a notch to B- from B+, a rating suggesting its debt is "highly speculative.
At the same the Coventry ratcheted down its management costs while further reducing its interest margin - the difference between the interest it charges borrowers and the interest it pays savers.
With forecasts for economic growth now ratcheted down, the chances of a sharper downgrade of Japan's sovereign credit rating within the 'AA' category has increased,'' S&P said.