Definition of underlying.
Hi, I am studying for my CISI exams coming up In May. I am seeing the word 'underlying' a lot. Please define as this is being talked about massively. Thanks.
Hi, I am studying for my CISI exams coming up In May. I am seeing the word 'underlying' a lot. Please define as this is being talked about massively. Thanks.
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It's the asset that a given derivative is based on... This is pretty basic, just so you know.
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