Ratchet

From ACT Wiki
Revision as of 16:33, 25 July 2015 by imported>Doug Williamson (Create the page to align with qualifications material.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

A clause in a loan document which links the pricing of the borrowing to the credit rating of the borrower.

Also known as a 'pricing grid'.

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Ratchet&oldid=39946’