underlying (not comparable)

1. lying underneath

   We dug down to the underlying rock.

   • 1850, [Alfred, Lord Tennyson], In Memoriam, London: Edward Moxon, […], →OCLC ↗, Canto II:

     Old Yew, which graspest at the stones
     ⁠That name the under-lying dead,
     ⁠Thy fibres net the dreamless head,
     Thy roots are wrapt about the bones.

2. basic or fundamental

   Points and straight lines are underlying elements of geometry.

3. implicit

   Many nursery rhymes have an underlying meaning.

• French: sous-jacent
• German: darunterliegend
• Italian: sottostante

• French: sous-jacent
• Italian: basilare, fondamentale

• French: sous-jacent
• German: implizit
• Italian: implicito
• Portuguese: implícito, subjacente
• Spanish: subyacente, implícito, agazapado

underlying (plural underlyings)

1. (finance) The entity from whose performance a derivative derives its value.

• underpinning#Noun

1. Present participle and gerund of underlie