2. Hence: Fundamental; basic; as, underlying principles;
underlying causes.
[1913 Webster +PJC]
3. Implicit; not immediately obvious; requiring careful scrutiny to discover; as, the underlying sarcasm in her seemingly innocuous remark.. [PJC]
The Collaborative International Dictionary of English. 2000.
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 — 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 — [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 — adjective be the cause or basis of. → underlie underlying present participle of underlie … English new terms dictionary
Underlying — [ ʌndəlaɪiȖ, englisch], Basiswert, Optionsgeschäft … Universal-Lexikon
underlying — basic, *fundamental, basal, radical Analogous words: *essential, cardinal, vital, fundamental: requisite, indispensable, necessary, *needful … New Dictionary of Synonyms
underlying — [adj] fundamental, latent basal, basic, bottom, bottom line*, cardinal, concealed, critical, crucial, elemental, elementary, essential, hidden, indispensable, intrinsic, lurking, necessary, needful, nitty gritty*, nub, primary, prime, primitive,… … New thesaurus
Underlying — The something that the parties agree to exchange in a derivative contract. The New York Times Financial Glossary * * * underlying un‧der‧ly‧ing [ˌʌndəˈlaɪ ɪŋ◂ ǁ ər ] adjective 1. underlying figure/rate ECONOMICS a rate or figure that shows the… … Financial and business terms
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… … Wikipedia
underlying — un|der|ly|ing [ ,ʌndər laııŋ ] adjective only before noun ** 1. ) underlying causes, facts, ideas, etc. are the real or basic ones, although they are not obvious or directly stated: The underlying causes of the riots have been ignored. While… … Usage of the words and phrases in modern English
