Underlying security
	• 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. Depository receipts: The class, series and number of the foreign shares represented by the depository receipt.
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	Embedded terms in definition
	Class Contract Exercise Foreign Options Option Security Series Shares Stock Subject Underlying
	Related Terms
	Asset backed security Bearer security Bullet loan or security Cash commodity or security Cash equivalent security Convertible security Debt security Derivative security Exchangeable security Fixed dollar security Government security Government security dealer Host security Hybrid security Monthly income preferred security Mortgage pass through security Municipal security Primitive security Security Security agreement Security analyst Security characteristic line Security deposit initial Security deposit maintenance related Security market line Security market plane Security selection Security selection decision Social security Underlying Underlying asset Underlying market price Variable price security

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