underlying securities

基本解釋

Of course, the company is not going to have to make good on all that insurance: the underlying securities are not all going to zero.
當(dāng)然，它是不會(huì)需要賠償所有這種保險(xiǎn)：因?yàn)椴皇撬邢嚓P(guān)證券都會(huì)貶值為零的。
Moreover—and this was Hamilton’svisionary insight—if the interest were paid regularly, and everyone knew itwould be paid, then the underlying securities would gain stable value.
再者——這也是漢密爾頓的遠(yuǎn)見(jiàn)卓識(shí)之處——如果定期支付利息，并且每個(gè)人都認(rèn)為會(huì)如此，那么基礎(chǔ)證券將獲得穩(wěn)定的價(jià)格。
Yet more fees are paid to funds of hedge funds, which invest in a range of single-manager hedge funds rather than in the underlying securities.
但是更多的費(fèi)用被付給對(duì)沖基金的基金，它們投資于單一管理對(duì)沖基金而不是投資于其下的證券。

The opposite trade occurs when ETF shares trade at a discount to their underlying securities.
FORBES: Why We Don't Buy Corporate Bond ETFs
Schaeffer is an options guy, but the technical indicators he monitors are useful for determining trends in underlying securities, as well.
FORBES: Bernie Schaeffer: Tech And Gold Harmony
Some market makers, called authorized participants (APs), are allowed to interchange ETF shares for their underlying securities, corporate bonds in this case.
FORBES: Why We Don't Buy Corporate Bond ETFs