What is meant by (a) A full ratchet clause and (b) A down (reset) round?

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What is meant by
(a) A full ratchet clause and
(b) A down (reset) round?

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Entrepreneurial Finance

ISBN: 978-0538478151

4th edition

Authors: J . chris leach, Ronald w. melicher

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Question Posted: Aug 13, 2012 10:17 PM

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What is meant by (a) A full ratchet clause and (b) A down (reset) round?

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a A full ratchet clause defined as the clause which provides that ...View the full answer

Entrepreneurial Finance

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