underlie

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underlie

[′ən·dər‚lī]
(geology)
To lie or be situated under; to occupy a lower position, or to pass beneath.
References in classic literature ?
On this plain, with its underlying red-clay beds, I imagine that the Indians manufactured their earthen vessels; and that, during some violent earthquake, the sea broke over the beach, and converted the plain into a temporary lake, as happened round Callao in
It was impossible to doubt that Heaven had some holy purpose underlying it all, at the sight of the woman who had taken a mother's lot upon herself, as Jesus Christ had taken the form of a man, who gleaned and suffered and ran into debt for her little waifs; a woman who defrauded herself in her reckonings, and would not own that she was ruining herself that she might be a Mother.
There was something underlying the charming expression and the fascinating manner which my instinct felt to be something wrong.
Impulsive he might be, enthusiastic, sensitive, with something sympathetic and adaptive in his disposition; but an observer of nature's tokens would have confidently pledged himself that there was native firmness and strength underlying his gentle, monk-bred ways.
DERIVATIVES DERIVE THEIR value from underlying financial instruments and include futures, forward, swap and options contracts.
Then it will purchase, with the advice of its consultants, swap counterparty, investment banker or master trustee, an underlying fixed-income portfolio of the desired credit quality, duration, size and return.
It reasoned that "[o]ne must look principally at the underlying activity, not at the form of investment, to determine the propriety of apportionability".
As a resecuritization, the certificates will receive their cash-flows from the underlying class A4 certificate which is backed by a pool of 202 multifamily and commercial mortgage loans and has 30% credit support in the underlying transaction.
At the taxpayer's request, Appeals may consider the validity of the underlying tax liability not considered in any other previous administrative or judicial proceeding.
In the underlying mortgage market, even the wallflowers are being asked to dance by lenders, who are willing to underwrite new financing without the exorbitant rates or higher fees of recent years.
The purpose of this letter is to set forth an administrable framework for reconciling the tax policy underlying the section 1.
Under the aggregate theory, a partner is treated as having a direct interest in the underlying assets of the partnership.