英语词汇“ratchet clause”的翻译、意思、用法、释义-英汉经管词典

单词	ratchet clause
释义	ratchet clause Definitions 1. Contracts: Provision under which the contract-associated rights of the involved parties are adjusted according to an agreed upon formula upon completion of a part or stage of the contract. 2. Utility billing: Provision under which the demand charge for each month (or other period) is based on the highest measured demand (or its percentage) over the previous year (or other period).
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