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Link to original content: http://en.m.wiktionary.org/wiki/full_ratchet
full ratchet - Wiktionary, the free dictionary
Wiktionary

full ratchet

English

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Noun

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full ratchet (plural full ratchets)

  1. (finance) An antidilution approach by which, if a subsequent round of funding would decrease an investor's equity ownership percentage, the investor is given additional shares to maintain the former percentage.
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