US Patent 8245371 String securing device

A string securing device includes a base having a central post extending centrally therefrom. A shaft extends through the passage in the central post so as to be connected to the cap mounted to the base by a bolt which extends through the cap from a top of the cap. A ring and a spool are located between the base and the cap, wherein the spool is rotated with the cap by engagement of first and second teeth on the spool and the cap respectively. The ring has multiple ratchet teeth which are removably engaged with third teeth on the cap so as to allow the cap to rotate in one direction. The ring includes flexible members which are deformed to lower the ring and provides straight and upward force to the cap.