underlying — or underlier An option or a future is a right or a commitment to buy or sell something at a future date. The underlying is the financial instrument that may or must be bought or sold in each option or futures contract. FAS 133, as amended by FAS… … Financial and business terms
underlying — un der*ly ing, a. 1. Lying under or beneath; as, the underlying strata of a locality. [1913 Webster] 2. Hence: Fundamental; basic; as, underlying principles; underlying causes. [1913 Webster +PJC] 3. Implicit; not immediately obvious; requiring… … The Collaborative International Dictionary of English
underlying stock — ➔ stock1 * * * underlying stock UK US noun [U] FINANCE, STOCK MARKET ► UNDERLYING SHARES(Cf. ↑underlying shares) … Financial and business terms
underlying — I adjective based on, basic, built on, deep rooted, elemental, elementary, essential, fundamental, latent, not evident, obscure, original, primal, primary, rudimentary, supporting, undermost, unseen associated concepts: underlying contract,… … Law dictionary
underlying assets — ➔ asset * * * underlying assets UK US noun [plural] FINANCE, STOCK MARKET ► the assets on which another investment product is based, for example, the shares on a stock market in which an investment fund has put money: »Demand for most investment… … Financial and business terms
underlying inflation — ➔ inflation * * * underlying inflation UK US noun [U] ECONOMICS ► the general increase in prices over time, not including the prices of particular things such as energy, food, or mortgages: »The government aims to keep underlying inflation at… … Financial and business terms
underlying shares — UK US noun [plural] (also underlying stock [U]) FINANCE, STOCK MARKET ► the shares, etc. to which something such as an option (= the right to buy or sell them at a particular price by or on a future date) relates: »With prices falling, the stock… … Financial and business terms
underlying — [un′dərlī΄iŋ] adj. 1. lying under; placed beneath 2. fundamental; basic [the underlying cause] 3. really there but not easily seen or noticed [an underlying trend] 4. Finance having priority, as a claim … English World dictionary
underlying tax — Local tax imposed in the jurisdiction of the payer company on its profits out of which dividends have been paid. Credit may be available for underlying tax in certain circumstances. Practical Law Dictionary. Glossary of UK, US and international… … Law dictionary
underlying loan — ➔ loan1 … Financial and business terms
underlying share — ➔ Share … Financial and business terms
