Underlying

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Underlying

What supports the security or instrument that parties agree to exchange in a derivative contract.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
/-di/ assimilates voicelessness with underlyingly voiceless consonants.
(12.) This issue was addressed by Aarts (1991: 575), who analyzed codes for seven underlyingly different structures in OALDCE4, LDOCE2 and COBUILD1.
The verb te 'to come' seems to be underlyingly Falling, a tone that sometimes surfaces when the final vowel is lengthened in discourse, e.g.
Crucial to our analysis is the observation that downstepped H tones (!H) in Tiriki alternate not only with underlyingly specified L tones, but also with default L tones assigned to syllables that are underlyingly toneless (O).
VH and CH show the same 3/4 property, except: (i) root-control is more prevalent in VH than in CH; (ii) VH is more likely to target a reduced segment (vowel) than CH; (iii) CH may apply to underlyingly contrastive consonants (e.g., /s/ vs.
He chooses to view the apical vowels [Z] and [r] as separate phonemes arising from consonantal prolongation, and treats the zero onset as underlyingly empty but filled by [?], [rj], [y] or [h] through an obligatory onset constraint at the syllable level.
Phonological duplication is clearly at work in cases like Spokane, illustrated in (2), in which the /e/ repetitive marker is infixed to bases beginning with weak roots, i.e., roots lacking a full vowel underlyingly (2a), but prefixed to bases which are CV-initial (2b) (Black 1996: 210 ff., Bates and Carlson 1998: 655; also cited in Inkelas and Zoll 2005, Yu 2005a: 21, 2007).
For example, Bolozky describes the important finding that most so-called segolates, nouns of the form CVCVC, do not have CVCC alternants and so should not be analyzed as underlyingly monovocalic nouns with an epethen tic second vowel (p.
I show that apparently bisyllabic inflectional affixes must either be decomposed into different markers or are underlyingly monosyllabic, and develop a ranking of optimality-theoretic alignment constraints implementing the construction algorithm for the phonological word in formal detail.
In LT it is evident that some kind of labial glide is needed underlyingly, but it is by no means the case that all instances of surface [v] can be derived from the same source, i.e., are underlyingly the same, either in LT or in ST.