| Information | |
|---|---|
| has gloss | eng: A cliquet option or ratchet option is 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, etc. Each option is struck at-the-money when it becomes active. | 
| lexicalization | eng: cliquet | 
| instance of | c/Options | 
| Meaning | |
|---|---|
| German | |
| has gloss | deu: Als Cliquet bezeichnet man in der Finanzwelt eine pfadabhängige exotische Option, deren Auszahlung durch mehrere zwischenzeitliche Beobachtungen zu verschiedenen, vorher festgelegten Zeitpunkten bestimmt ist. | 
| lexicalization | deu: Cliquet | 
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