In a lower place.

On a lower storey.

Further down.

Lower in spatial position than.

“The treasure is buried two meters below the surface.”

Within the writing of a given document which follows a particular appearance of the word "below".

“"By their execution hereof, the Parties incur a legal obligation to pass consideration under this Loan Contract as is set forth below."”

Lower in value, price, rank or concentration than.

“The temperature is below zero.”