单词 | underlying |
释义 | underlying underlying /; AmE / adjective
1 important in a situation but not always easily noticed or stated clearly: The underlying assumption is that the amount of money available is limited. The underlying cause of the crisis was a lack of investment.
2 (Economics ; Finance ) used to describe basic figures, rates, etc. excluding any special effect, event or payment: Underlying sales growth rose 4.5%. an increase in underlying pre-tax profits
3 (Finance ) used to describe the items that particular types of investments are based on: The value of derivatives depends on the value or change in value of an underlying security. underlying shares/stock/bonds/assets |
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