Underlier

A security or commodity which is subject to Delivery upon Exercise of an option Contract or Convertible security. Exceptions include Index options and Futures, which cannot be delivered and are therefore settled in Cash.

Related Terms: 16 Cash, Convertible, Convertible security, CLU, Contract, Delivery, ECU, Exercise, Futures, Index, Inc., Index option, Option, Option contract, SEC, Settle

Other Related Pages: Category: Options Starting With: U

Additional Related Terms: Allowance for depreciation, Accrual of discount, Agency security, Amortization of premium, Asset-backed security, All or any part, Adjusted futures price, Add-on service, Abstract of title, Action to quiet title