supersenior

English

Etymology

super- +‎ senior

Noun

supersenior (plural superseniors)

  1. (finance) Having high-quality financial paper with very low risk exposure.
  2. (education, US, Philippines) A university student who is in their fifth year of postsecondary education without having graduated.

Adjective

supersenior (not comparable)

  1. (finance) Of a status higher than that of a senior lender.
    • 2007 October 31, Nick Cumming-Bruce, “Mortgage Woes Push UBS to Its First Loss in 5 Years”, in New York Times‎:
      UBS reported that it had $16.8 billion invested directly in residential mortgage-backed securities and $20.2 billion worth of supersenior securities, which are paid back ahead of other similarly rated securities in the case of a default.
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.