cliquet
English
editEtymology
editBorrowed from French cliquet (“pawl”).
Noun
editcliquet (plural cliquets)
- (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
editPronunciation
editAudio: (file)
Noun
editcliquet m (plural cliquets)
Derived terms
editFurther reading
edit- “cliquet”, in Trésor de la langue française informatisé [Digitized Treasury of the French Language], 2012.