yes exactly. Not a underbelly waistband like men uses - it is just a bit lower than real waist so that the upper body appears longer. The waistband is contoured - so very comfortable.
The side view of the waist band: It is perfect, when the CB is the highest point, and then it sinks slowly down to the CF. In this pics you see that it goes up from CB to side seam and then sinks down to CF.
If you have it higher in CB you prevent a "Mauerer decolltee (means decolltee of a brick layer - there may be an english expression)".