Underlying is the actual or physical security, commodity, futures, index or basket underlying a derivative product. It is the benchmark for pricing and evaluation purposes.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). underlying. Retrieved September 22, 2026, from http://smartdefine.org/underlying/definitions/1165823 |
| Chicago | Barry Goldsmith. 2010. "underlying" http://smartdefine.org/underlying/definitions/1165823 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, underlying, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/underlying/definitions/1165823>. |
| MLA | Barry Goldsmith. "underlying" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/underlying/definitions/1165823> |