The story
- French · borrowed fromcliquet“pawl”
- English todaycliquet
Borrowed from French cliquet (“pawl”).
Etymology from Wiktionary, CC BY-SA 4.0.
cliquet
Today it means: 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. Full definition →
French cliquet