Cliquet

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Cliquet

A series of forward start options in which the first option is active (and its strike price is set) immediately. The second option becomes active on the expiration date of the first option, with the strike set as the market value of the underlying on that day. The process continues for as many options as exist in the cliquet. Importantly, the entire premium is paid at once. Cliquets are useful for an investor who wants to lock in an option for a significant period of time, with the strike price adjusting to reflect market realities. It is also known as a reset option or a ratchet option.
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References in periodicals archive ?
Dubbed "Cloud download", the feature is expected to be found in Windows' reset options in Settings along with "Reset locally", which means users reinstalling Windows 10 in the future can either choose to use a local image or download it afresh from the cloud.
Customers can also manage their Adnoc Wallet with profile views, updates and IVR PIN reset options and access an overview of their Adnoc Wallet account details.
A variety of fault reset options are provided (remote air signal, optional integrated electrical/solenoid, or manual), all of which require overt action per Ansi, EN and many other global regulations.
* Dynamic reset options with ASHRAE Standard 62.1-2004.
Features include a single DC supply of +12 V, 39 dB of linear gain, over/reverse voltage protection and thermal protection with auto reset Options available are forward power detection and logic on/off control.
Avast stated in its report that the company's own Android security app comes with a deletion tool that can work better that the factory reset options included in your smartphone.
Windows 8's new Refresh and Reset options were available from here.