What is the difference between full ratchet and weighted average?
Unlike full ratchet anti-dilution protection that is effectively a “ do-over,” weighted average anti-dilution protection gives consideration to the relationship between the total shares outstanding as compared to the shares held by the original investor.
What is ratchet debt?
The margin ratchet is a mechanism whereby the initial margin is reduced as and when the group achieves a better financial position, determined by reference to certain key financial ratios though, if that financial position subsequently worsens (and particularly on an event or potential event of default), the margin …
What is a ratchet M&A?
A ratchet is an anti-dilution protection mechanism whereby management’s equity stake may be altered on the happening of various future events. Ratchet is provided as an incentive to management, as they are given the opportunity to achieve additional economic compensation.
What is a ratchet bonus?
The ratchet price is essentially the bonus coefficient b adjusted by a term in X/r which captures the effect of the ratchet on future plan quotas and enter- prise bonuses. Note that with X > 0, the ratchet price p is lower than the bonus coefficient b. The ratchet effect diminishes performance in each period.
Why is it called ratchet?
Ratchet is a slang term in hip hop that, in its original sense, was a derogatory term used to refer to an uncouth woman, and may be a Louisianan regiolect version of the word “wretched” or a variation of the word “ratshit.” The term has since been extended to have broader meanings and connotations and is no longer …
How does a ratchet work?
A ratchet is a handle that snaps into one end of a socket by means of a square-drive connector. The other end of the socket fits over a fastener. A mechanism in the ratchet allows the handle to engage and tighten the fastener when you swing it in a clockwise direction and turn freely when you swing it counterclockwise.
What does a ratchet do?
A ratcheting socket wrench – commonly known as a ratchet – is a mechanical tool that tightens and loosens nuts and bolts more efficiently than other wrenches. Ratchets attach to different sized sockets, making them a versatile tool for your toolbox.
Where are ratchets used?
Ratchet mechanisms are used in a wide variety of applications, including these:
- Cable ties.
- Capstans.
- Caulking guns.
- Clocks.
- Freewheel (overrunning clutch)
- Grease guns.
- Handcuffs.
- Jacks.
Who invented the ratchet?
You have probably heard of the quick-release ratchet wrench. But you may never have heard of Pete Roberts, the guy who invented this clever tool in the early 1960s. Four decades later he has come up with its counterpart, a line of ratchets, extensions and drives that keep the sockets from falling off accidentally.
Why are ratchets very useful?
Ratchet mechanisms are very useful devices for allowing linear or rotary motion in only one direction. Common examples of ratchets are clocks, jacks, and hoists.
What is a ratchet person?
What does the slang word ratchet mean?
Ratchet is a slang term that can mean “exciting” or “excellent,” often used as a term of empowerment among women. Some may also use ratchet for when they are feeling “bad” in some way. The term has been previously used, however, as an insult characterizing a woman as being “overdramatic” or “promiscuous.”
What does 72 tooth ratchet mean?
It Don’t Mean A Thing If It Ain’t Got That (Arc) Swing. For one thing, a 72-tooth ratchet needs a 5° swing arc for the pawls to catch and allow you to turn your bolt, whereas a 120-tooth number will only need 3°.
Who started ratchet?
One of Beyoncé’s skills is trend-spotting, and indeed ratchet has been all over popular culture in the past year. LL Cool J released a single named “Ratchet” last November, using the word as an adjective to describe a woman who is only after a man’s money.