superfund

See also: Superfund

English

Pronunciation

• Audio (AU)

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Etymology 1

A blend of superannuation (“retirement”) and fund

Noun

superfund (plural superfunds)

1. (British, Australia, finance) A investment vehicle for superannuation assets.

Etymology 2

super- +‎ fund

Noun

superfund (plural superfunds)

1. (finance) An investment fund that invests in other investment funds; a fund of funds.

Verb

superfund (third-person singular simple present superfunds, present participle superfunding, simple past and past participle superfunded)

1. (US, transitive) To fund (a college payment plan) with a large payment, more than the usual annual payment.
   • 2020, Sabrina Manville, Nick Ducoff, Better Off After College:

     You also have the option to "superfund" a 529 account by giving a five-year annual gift all at once. The benefit of superfunding the account is that with a higher starting balance, the account will accrue higher earnings. Individuals can donate up to $75,000 (couples can donate $150,000) at one time.

2. (US, transitive) To fund (environmental cleanup) by means of a Superfund.
   • 2006, Environment Reporter: Cases, page 1662:

     Defendants also had "ample opportunity to propose incorporation" of a provision in the decree prohibiting or limiting the FPA from superfunding the area outside the Box.