cliquet
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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)
Derived terms
Further reading
- “cliquet”, in Trésor de la langue française informatisé , 2012.