underlying


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Related to underlying: Underlying assumptions

underlying

adjective based on, basic, built on, deep-rooted, elemental, elementary, essential, latent, not evident, obscure, original, primal, primary, rudimentary, supporting, undermost, unseen
Associated concepts: underlying contract, underlying fact, underlying obligation
See also: basic, cardinal, central, essential, fundamental, initial, latent, organic, original, primary, rudimentary, substantive, virtual
References in periodicals archive ?
An option contract provides one party (the option holder) with a right, but not an obligation, to buy or sell an underlying financial instrument, foreign currency or commodity at an agreed-on price on or before a set date.
When the transaction matures, you'll have to set those flows so that those bonds, or whatever the underlying fixed incomes are, don't expose you to principal risk at maturity.
Woolworth, the Court applied Mobil's underlying unitary standard in the same manner as in ASARCO by focusing on whether there was functional integration between the taxpayer-parent and the nontaxpayer subsidiaries.
Nearly every cooperative has an underlying mortgage, with terms generally set at 10 years.
In contrast, a generic rule (suck as proposed above) would bring clarity to this area, thereby furthering the policy goals underlying the Code's charitable contribution provisions.
Observation: It is unclear whether the IRS reached the result in revenue ruling 91-32 because it felt compelled to do so by the policies underlying the applicable statutory provisions or because it was trying to reach a taxable result.
311 should be based on the value of the underlying assets transferred by P&T to the partnership.
Low ownership occupancy ratios and a high underlying mortgage created severe sales difficulties.
1) A state member bank is authorized to invest in the asset underlying the contract;
Example: Parents M and F establish a valid FLP, which has $1,000,000 of underlying assets.