UNDERLYING SECURITY


Meaning of UNDERLYING SECURITY in English

For options, the security subject to being purchased or sold upon exercise of an option contract . For example, IBM stock is the underlying security to IBM options. For Depository receipts , the class , series and number of the foreign shares represented by the depository receipt.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.