Cliquet option - Financial definition
Translations: FR option à cliquet (n.f.) ES opción cliquet (n.f.) , opción ratchet (n.f.) DE Cliquet (n.f.) , Cliquet Option (n.f.) , Ratchet Option (n.f.)
Concise definition of the term cliquet option
An option whose strike is reset at predetermined intervals and intrinsic value is locked in.
Comprehensive definition of the term cliquet option
Cliquet options are also known as ratchet options.
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