HomeDefinitionsCompareDebt Underlying debtThe financial definition for Underlying debt:Municipal bonds issued by government entities but under the control of larger government entities and for which the larger entity shares the credit responsibility. Similar MatchesUnderlying assetUnderlying assetThe security or property or loan agreement that an option gives the option holder the right to buy or to sell. Underlying futures contractUnderlying futures contractA futures contract that supports an option on that future, which is executed if the option is exercised . Click to compare definitions of Underlying debt Click to view definitions beginning un |