cliquet
Noun
Meaning
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.
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.