41.   It appears that Enron was able to report profits from them, even though the underlying assets included investments that declined in value.

42.   It is not uncommon for publicly traded companies to sell for less than the value of their underlying assets.

43.   It is believed that higher interest rates would squeeze margins at banks while also lowering their underlying asset value.

44.   It produces no change whatever in the underlying asset.

45.   Neither party actually needs to hold the underlying assets, as long as the payments are made.

46.   Most derivatives, whose value is based on an underlying asset, commodity, index, currency or interest rate, are sold to institutions.

47.   One reason is that many refiners are trying to improve the profitability of their underlying assets.

48.   Options enable investors to buy or sell a security or other underlying asset at a fixed price and date.

49.   Or banks may buy protection for an underlying asset, but the contract may mature before the asset.

50.   One advantage of a tracking stock is that its underlying assets can be swapped with assets in the parent company without incurring taxes.