• 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.
  • According to the Financial Accounting Standards Board (FASB)'s Statement of Financial Accounting Standards No.

    Definition of underlying in English Dictionary

  • AdjectiveBFunderlyCOMmore underlySUPmost underlyPREunder-SUF-ing
    1. lying underneath.
      1. We dug down to the underlying rock.
    2. basic or fundamental.
      1. Points and straight lines are underlying elements of geometry.
    3. implicit.
      1. Many nursery rhymes have an underlying meaning.
  • More Examples
    1. Used in the Middle of Sentence
      • In contrast, Polytrichastrum alpinum (Polytrichospida) is endohydric and transports water up from the underlying soil [35 ].
      • The underlay in bar 3 is unclear in Handel's manuscript.
      • It is predictable that some of these infections occur in individuals immunocompromised by malnutrition or underlying disease (notably cancer or AIDS) or by immunosuppressive therapy.
    2. Used in the Beginning of Sentence
      • Underlying cirrhosis frequently leads to protein-calorie malnutrition commonly caused by poor appetite, cacochylia, compromised nutrient uptake, and disorders in protein synthesis [ 9 , 10 ].
  • Part-of-Speech Hierarchy
    1. Adjectives
      • Uncomparable adjectives
    Related Links:
    1. en underlyingly
    2. en underlying form
    Source: Wiktionary
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    Meaning of underlying for the defined word.

    Grammatically, this word "underlying" is an adjective, more specifically, an uncomparable adjective.
    Difficultness: Level 3
    Easy     ➨     Difficult
    Definiteness: Level 1
    Definite    ➨     Versatile