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 ?
On a smartphone or tablet, simply use the Factory Reset option. Whereas on Android, open the Settings screen, tap Backup & reset, and tap Factory data reset.
"To make sure the reset option reaches everyone who might need it, Chrome will be prompting Windows users whose settings appear to have been changed if they'd like to restore their browser settings back to factory default," he wrote.
My unit is redeploying from Iraq and I've heard there is a Reset option available for SINCGARS and night vision devices called CEER-T that does not charge active units for repairs.
You often can reset the SDC when it hiccups, but the reset option is not available with a CSC failure--lucky me.
Security software maker AVAST stated that they purchased 20 used Android smartphones from eBay whose previous owners had performed a factory reset option on the devices.