Underlyingadjective
lying underneath
‘We dug down to the underlying rock.’;
Overlyingadjective
lying over or upon something else
Underlyingadjective
basic or fundamental
‘Points and straight lines are underlying elements of geometry.’;
Overlyingadjective
Lying over or upon something; as, overlying rocks.
Underlyingadjective
implicit
‘Many nursery rhymes have an underlying meaning.’;
Overlyingadjective
placed on or over something else;
‘an overlying image’;
Underlyingnoun
(finance) The entity from whose performance a derivative derives its value.
Underlyingadjective
Lying under or beneath; as, the underlying strata of a locality.
Underlyingadjective
Fundamental; basic; as, underlying principles; underlying causes.
Underlyingadjective
Implicit; not immediately obvious; requiring careful scrutiny to discover; as, the underlying sarcasm in her seemingly innocuous remark..
Underlyingadjective
in the nature of something though not readily apparent;
‘shortcomings inherent in our approach’; ‘an underlying meaning’;
Underlyingadjective
located beneath or below
Underlyingadjective
being or involving basic facts or principles;
‘the fundamental laws of the universe’; ‘a fundamental incompatibility between them’; ‘these rudimentary truths’; ‘underlying principles’;
Underlying
In finance, the underlying of a derivative is an asset, basket of assets, index, or even another derivative, such that the cash flows of the (former) derivative depend on the value of this underlying. There must be an independent way to observe this value to avoid conflicts of interest.
