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The [[underlying asset]], or [[underlyer]], or [[underlier]], or [[reference asset]] — call it what you will — is that thing of which your [[derivative]] ''is'' derivative. | 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. | |||
{{c| | {{c|Bluffer’s Guide}} | ||
Revision as of 16:13, 28 September 2016
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.