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Additional
underlying security
Campbell R. Harvey's Hypertextual Finance Glossary
Download this dictionary
Underlying security
For options, the
security
subject to being purchased or sold upon
exercise
of an
option
contract
. For example, IBM stock is the
underlying security
to IBM options. For
Depository receipts
, the
class
,
series
and number of the foreign
shares
represented by the depository receipt.
Copyright © 2000,
Campbell R. Harvey
. All Rights Reserved.