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 ?
In our analysis, the tone-bearing unit (TBU) is the mora, and tones are (in general) underlyingly linked to TBUs.
One possibility is that consonants that are syllabified across a morpheme boundary are ambisyllabic (and maybe also longer), whereas underlyingly intervocalic consonants are only syllabified as onsets of the following nucleus.
This issue was addressed by Aarts (1991: 575), who analyzed codes for seven underlyingly different structures in OALDCE4, LDOCE2 and COBUILD1.
Here we see that the frozen suffixes -ik- and -uk- condition voicing of the underlyingly voiceless root-final consonant /t/, which does surface in the last form.
While most previous accounts of the Mandarin third tone represent it as underlyingly LL(H) or ML(H), with various manifestations of final H, Duanmu opts for the simple representation LL, and claims that the occasional tail-end H in utterance-final forms "comes from a polarity constraint that requires L to be followed by H in a disyllabic foot" (p.
For affixes with a variable initial vowel, such as 3pl -(e)nek, Stiebels and Wunderlich assume that they start with a vowel which underlyingly projects a root node, but not a mora:
Do the aspectual verbs -vidu `completive' and -vaiyi `future utility'(22) underlyingly contain an initial v-?
Specifically, since an initial /g/ deletes under soft mutation, this may result in an underlyingly C-initial word becoming V-initial.
These are the correspondence relations established between the underlyingly specified form of the morpheme /s/ and its output correspondent, usually zero in Dominican Spanish.
is added when the stem ends in an underlyingly voiceless obstruent, or in other words, when the stem ends in a voiceless obstruent before the infinitive suffix /[?
For example, according to Vallduvi (1990, 1993, 1994, 1995), in Catalan, which he argues to be an underlyingly VOS language, topics (which he refers to as links) must always be left-detached to a sentence-initial position external to the core clause.
Therefore, even if they underlyingly occupy a complement position to the right, they are incapable of checking case against that projection and they must adjoin if the derivation is not to crash (8).