cliquet

English

Etymology

Borrowed from French cliquet (“pawl”).

Noun

cliquet (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

Noun

cliquet m (plural cliquets)

pawl

Further reading

“cliquet” in le Trésor de la langue française informatisé (The Digitized Treasury of the French Language).

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