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1. Describing an out-of-the-money stock option. That is, it describes an option in which the underlying asset is a stock that is currently trading for less than the strike price of the option. For example, an executive at a publicly-traded company may have stock options in which he may buy the stock of his/her own company for $80 per share. If the stock is currently trading at $60 per share, the options are worthless.

2. Insolvent; unable to meet a financial obligation. The term especially applies to being unable to meet a margin call.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Of or relating to a stock option for which the option exercise price is higher than the market price of the stock.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


You're underwater when your employee stock options are out-of-the-money and so currently worthless.

For example, if you have options to buy your company stock at a strike price of $50, and the stock is currently trading at $30, you're $20 underwater on each option. You can see how the next step may be drowning -- financially speaking, of course.

The term underwater is also used to describe situations where the principals are unable to meet their financial obligations.

For example, if an investor is unable to meet margin calls on a margin account that has lost a considerable amount of money, the account is said to be underwater. Similarly a firm that is having financial difficulty is described as underwater.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


A popular expression for a property with a debt larger than its value.You will sometimes encounter prime properties for lease,rather than for sale,because the property is underwater. The owners cannot afford to sell,because a sale at market value would require them to bring cash to the closing table to pay off the debt.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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is a delightful depiction of underwater life that will educate and bring joy to young readers.
Joye and her team also collected samples of sediment from the bottom of the Gulf to study how the oil is affecting underwater life. Sediment is the grainy mixture of dirt, sand and rocks that makes up the surface of the seafloor.
We're confident that both these hotels will be successful from day one because of the power of their brand names, the value and comfort they both offer, their integration with a modern shopping mall and Jizan's easy accessibility to the renowned offshore Farasan Island archipelago which is recognised for its spectacular coral reefs and abundant underwater life."
If you're a fan of underwater life, the aquatic blue bathroom should float your boat, but if you're more interested in all that lives outside, an individual landscaped garden with decorative paved patio area and chipping stone border at the rear of the property is the perfect to place to observe wildlife and while away the hours.
Marine biologists and environmentalists worry that the oil is doing significant harm to populations of tube worms, tiny crustaceans and mollusks, single-cell organisms and other underwater life forms that shape the building blocks of the marine food chain.
Its location at the mouth of Al Khan Lagoon allows visitors to view the Gulf's natural underwater life. There are over 250 species, as well as many interactive displays.
The depiction of this underwater life is fascinating inhabited as it is by both mammals with familiar characteristics and otherworldly organisms, such as moon jellies--and Whitty makes it all the more so by explaining the science of this hidden world.

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