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

Pronunciation

Audio (file)

Noun

cliquet m (plural cliquets)

pawl

Derived terms

clé à cliquet

Further reading

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

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