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• Securities underlying the NGNs (i.e. Legacy Assets) that produce the cash flows used to pay off the NGNs.

  National Credit Union Administration (NCUA) - Cite This Source - This Definition
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  Cite Definition for ​Underlying Security (-ies)

  American Psychological Association (APA)

  ​Underlying Security (-ies). (n.d.). Corporate System Resolution Costs Glossary. Retrieved April 2, 2023, from website: http://www.expertglossary.com/definition/​underlying-security-ies.

  Chicago Manual of Style (CMS)

  ​Underlying Security (-ies). www.ncua.gov. Corporate System Resolution Costs Glossary. National Credit Union Administration (NCUA). http://www.expertglossary.com/definition/​underlying-security-ies (accessed: April 2, 2023).

  Modern Language Association (MLA)

  "​Underlying Security (-ies)." Corporate System Resolution Costs Glossary. National Credit Union Administration (NCUA). 2 April. 2023 http://www.expertglossary.com/definition/​underlying-security-ies.

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