Underlying

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Underlying

What supports the security or instrument that parties agree to exchange in a derivative contract.

Underlying Instrument

A security, commodity, or other asset described in a derivative contact. For example, in an option contract giving the holder the right to buy so many shares of AT&T, the underlying instrument is stock in AT&T. Likewise, in a futures contract on so many barrels of refined oil, the underlying instrument is refined oil.
References in periodicals archive ?
Thus postpositions such as kozul correspond to two lexically headed syllables because the vowel moras of both syllables are present underlyingly, while case suffixes are monosyllabic, and variable terminal elements such as -(e)nek correspond to two syllables, but only one if them is morphologically affiliated.
k is also present underlyingly and lexically affiliated.
VDEL occurs before the locative case marker -le (which is probably underlyingly -ilee, from LT il + `emphatic'(33) ee) after (usually) long vowels, as in amerikkaavle(34) alternating with amerikkaale.
39) It is possible to demonstrate the differential application of some of these rules in some forms where derived causatives have been further aspectualized and syntactically suffixed with modal verbs and/or the future; these morphemes are crucial because they either contain surface [v] in isolation and/or on the surface, but may be underlyingly different (/v/ or /p/).
They tended to choose te for a given pseudo-verb if the majority of phonological neighbors underlyingly end in voiceless obstruents, and they tended to choose de if the majority of neighbors underlyingly end in voiced obstruents.
They tended to produce an unexpected past tense form when a verb underlyingly ends in a voiced obstruent, while most words in the analogical gang of phonologically similar words underlyingly end in voiceless obstruents.
She argues that Russian is an underlyingly VSO language and all arguments of the verb, including the subject, are projected in the VP at D-structure.
In this article, I will not go into the question of whether Turkish could be considered an underlyingly SVO language.
Starting from some significant typological features, Chinese is treated as an underlyingly verb-final language (SOV).
I consider this to be a warrant for treating Chinese as an underlyingly verb-final language, being perfectly aware of the fact that at the level of S-structure, the unmarked word order is SVO.
represents reduced unstressed vowels, [[Eta]] appears where a velar stop has been suppressed in an underlying sequence consisting of a nasal followed by velar stop, length (which is not phonemic) is marked, and nasalization of vowels is marked where an underlyingly present nasal consonant has been suppressed, Unadapted loans from Guyanese are transcribed as they occurred in speech (e.