Underlying

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

The underlying asset, or underlyer, or underlier, or reference asset — call it what you will — is that thing of which your derivative is derivative. Not to be confused with the undying, of course, and certainly not after sun-down.

We naughty old contrarian types like to use “underlier" as shorthand in the 2002 ISDA Equity Derivatives Definitions even though it isn’t, as such, a thing.

See also

• Nosferatu
• Underlier - Equity Derivatives Provision

style="background: Light{{{1}}};" |