ratchet

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ratchet

a steplocking device on surgical instruments. As the handles are closed the jaws are also closed and the ratchet holds them in a locked position. The ratchet consists of a notched bar on each handle, the notches facing and overriding when the handles are closed.
References in periodicals archive ?
However, the state gradually has ratcheted down its revenue expectations, estimates have been reliable for several months, and the deficit plan calls for its elimination over 18 months.
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.
Since long-term interest rates have actually declined in the face of an improving economy and five Federal Reserve short-term rate hikes, Delphi's discount rate may have to be further ratcheted down, widening its underfunded position.
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.
And even though ``Snake Eyes'' is rated R, De Palma has graciously ratcheted down his trademark gore.
Many of them have gradually ratcheted down their near-term expectations for corporate earnings in light of a slower than expected economic recovery, and are hesitant in this climate to jump back in with both feet.