underlying
- adjective
- /ˌʌndərˈlaɪɪŋ/
- Second, the value of the option also varies with the volatility in the value of the underlying asset.
- underlying structure
- underlying layer
- underlying rock
Examples
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A derivative is a secondary bet on an underlying product.
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In fact, the larger the set of underlying assets, the more valuable the option.
Academic text (1991) -
But the underlying code in the game is the same.
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Of particular importance is the structure of competition in the underlying spot market.
Academic text (1992) -
The entire file is accessed on the storage media independent of the underlying structure.
Academic text (1998) -
We're mapping the underlying geology.
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In some cases, even the language used by the press reveals the underlying animosity between the two countries.
Academic text (2011) -
Effective solutions were developed on the basis of underlying electrochemical phenomena.
Academic text (1998) -
In most areas of the body, underlying muscles are free to glide beneath the deep fascia.
Academic text (1995) -
The underlying geology of the region consists of ancient volcanic rocks.
Synonyms
Beneath the surface of the ground, under soil or rock
Under the ground or below the top layer of a place
Hidden and not openly shown
Existing under the surface of the earth, like pipes or caves
Under the ground surface
Antonyms
How Deep
Surface Forms
Morphology
Etymology
Underlying comes from the simple parts under 'below' and lie 'to be', like something that 'lies under' the surface, for example the soil under a road. So, an underlying layer or structure is physically beneath and supports what is above it.