Definitions for underlyingˈʌn dərˌlaɪ ɪŋ
This page provides all possible meanings and translations of the word underlying
Random House Webster's College Dictionary
un•der•ly•ingˈʌn dərˌlaɪ ɪŋ(adj.)
lying beneath something else, as a substratum.
the underlying cause.
discoverable only by close scrutiny or analysis; implicit.
(of a claim, mortgage, etc.) taking precedence; prior.
Origin of underlying:
implicit in(p), inherent, underlying(adj)
in the nature of something though not readily apparent
"shortcomings inherent in our approach"; "an underlying meaning"
located beneath or below
fundamental, rudimentary, underlying(adj)
being or involving basic facts or principles
"the fundamental laws of the universe"; "a fundamental incomatibility between them"; "these rudimentary truths"; "underlying principles"
We dug down to the underlying rock.
basic or fundamental
Points and straight lines are underlying elements of geometry.
Many nursery rhymes have an underlying meaning.
lying under or beneath; hence, fundamental; as, the underlying strata of a locality; underlying principles
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 derivative depend on the value of this underlying. There must be an independent way to observe this value to avoid conflicts of interest. According to the Financial Accounting Standards Board's FASB Statement of Financial Accounting Standards No. 133 - Accounting for Derivative Instruments and Hedging Activities, an underlying is a specified interest rate, security price, commodity price, foreign exchange rate, index of prices or rates, or other variable. An underlying may be a price or rate of an asset or liability but is not the asset or liability itself.
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'underlying' in Spoken Corpus Frequency: #4130
Rank popularity for the word 'underlying' in Adjectives Frequency: #563
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