variants  
 or less commonly rachet
        
    1
                    
                                          
              
          
                                                      : a mechanism that consists of a bar or wheel having inclined teeth into which a pawl drops so that motion can be imparted to the wheel or bar, governed, or prevented and that is used in a hand tool (such as a wrench or screwdriver) to allow effective motion in one direction only                                      
                
                    
2
                    
                                          
              
          
                                                      : a pawl or detent for holding or propelling a toothed wheel                                      
                
                    
            variants  
 or less commonly rachet
        
    
            
              ratcheted also racheted; ratcheting also racheting; ratchets also rachets            
        
    
                                
              
          
                                                      : to cause to move by steps or degrees                                      
                
                  —usually used with up or down
tried to ratchet down the debt
    
                
                    
                                
              
          
                                                      : to proceed by steps or degrees                                      
                
                    
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  Merriam-Webster unabridged




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