supersenior
English edit
Etymology edit
Noun edit
supersenior (plural superseniors)
- (finance) Having high-quality financial paper with very low risk exposure.
- (education, US, Philippines) A university student who is in their fifth year of postsecondary education without having graduated.
Adjective edit
supersenior (not comparable)
- (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[1]:
- 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.