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Definitions

underlying

[uhn-der-lahy-ing] / ˈʌn dərˌlaɪ ɪŋ /


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

A third-party custodian holds the underlying common stock.

From Barron's • May 15, 2026

Its narrowing suggests the market has moved from panic to managed scarcity—not that the underlying shortage has disappeared.

From The Wall Street Journal • May 15, 2026

Call option buyers have the right, but not the obligation, to purchase underlying shares at a certain price in the future.

From Barron's • May 15, 2026

While revenue in Germany was soft, the underlying service revenue decline was steady and average revenue per user in the country might be up sequentially, according to the brokerage’s estimates.

From The Wall Street Journal • May 14, 2026

It is not possible, by listening to the music, to perceive the underlying design, although a skilled score reader may be able to plot its workings by studying the music on the page.

From "The Story of Music" by Howard Goodall




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