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| un·der·ly·ing [ úndər l ing ] |
adjective |
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| Definition: |
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1. lying underneath: positioned beneath something else
  the underlying rock strata
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2. hidden and significant: present and important but not immediately obvious
the underlying reasons for his odd behavior
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3. essential: basic or fundamental to something
the underlying principles behind the decision
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4. finance financially most important: describes financial obligations or assets that take priority over others
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