cliquet

English

Etymology

Borrowed from French cliquet (“pawl”).

Noun

cliquet (plural cliquets)

1. (finance) An exotic option consisting of a series of consecutive forward start options. The first is active immediately, the second becomes active when the first expires, and so on.

French

Pronunciation

• Audio

  (file)

Noun

cliquet m (plural cliquets)

1. pawl

Derived terms

• clé à cliquet

Further reading

• “cliquet”, in Trésor de la langue française informatisé [Digitized Treasury of the French Language], 2012.