superfund
IPA: supɝfˈʌnd
Root Word: Superfund
noun
- (US) A large amount of money designated for environmental cleanup by the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980.
- (Britain, Australia, finance) A investment vehicle for superannuation assets.
- (finance) An investment fund that invests in other investment funds; a fund of funds.
verb
- (US, transitive) To fund (a college payment plan) with a large payment, more than the usual annual payment.
- (US, transitive) To fund (environmental cleanup) by means of a Superfund.
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Examples of "superfund" in Sentences
- Meanwhile, the "superfund" mentioned above increasingly seems troubled.
- The move will be a significant step in forming the so-called superfund that has been in the works since September.
- If contributing to the superfund were a patriotic and profitable duty to help protect the broader economy, that's one thing.
- Regional venture 'superfund' urged development, strong industrial base, and prowess in key technologies and sectors, the Great Lakes region should be awash in new
- The first is a proposal put forth by the Treasury Department that leading U.S. financial institutions set up a "superfund" called the Master Liquidity Enhancement conduit.
- Last fall, J.P. Morgan played a leading role in a Treasury-backed effort to thaw frozen credit markets by creating a "superfund" for certain off-balance-sheet investment vehicles that were struggling.
- Following more than two decades of cleanup, the last of three federal "superfund" sites in Ascension Parish is off the national priority list but monitoring and cost recuperation continue, federal officials say.
- When contributions to the City´s retirement fund are less than the normal cost, the difference between the normal cost and the required employer payment to the retirement fund will be deposited into the Retiree Health Care Trust Fund, to cover retiree health care expenses, or to "superfund" the pension
- These include the Bush administration's orchestration of a plan to help struggling homeowners at the heart of the crisis by freezing interest rates that are set to rise and trigger more defaults; and another aimed at bringing big banks together in a "superfund" to financially support the investment entities tottering under the weight of their bad mortgage-backed securities.
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