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Terms for subject Law containing RATCHET | all forms
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full ratchetмеханизм против размытия доли инвестора в капитале (The term "full ratchet" refers to a contractual provision designed to protect the interests of early investors. Specifically, it is an anti-dilution provision that, for any shares of common stock sold by a company after the issuing of an option (or convertible security), applies the lowest sale price as being the adjusted option price or conversion ratio for existing shareholders investopedia.com mgm)