underlyings
- 1Plural of underlying.
The fund's derivatives were tied to a basket of underlyings spanning several markets.
Traders hedged their positions by buying the underlyings directly.
Note
A plural only the finance noun can form. The adjective underlying (lying underneath, basic, implicit) and the participle of underlie take no -s, so an -s ending always points to the entities whose performance gives a derivative its value. Use it when a contract tracks several of them, as in a basket of underlyings. For the everyday adjective, keep the -s off: underlying causes, never underlyings.
underlyings is a form of underlying
underlying, noun: In finance, the asset or instrument from whose performance a derivative contract draws its value. Full entry
- Forms
- underlyingunderlyings plural
- Spelling
- underlying → underlyings: add -s
- Sound
- The ending sounds like /z/.
Use it in a sentence
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