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 === IPA(key): /kli.kɛ/ === 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