superfund

plural superfunds

1. AustraliaUKbusinessAn investment vehicle for superannuation assets.

plural superfunds

1. businessAn investment fund that invests in other investment funds; a fund of funds.

present singular third person superfunds · participle present superfunding · participle past superfunded · past superfunded

1. UStransitiveTo fund (a college payment plan) with a large payment, more than the usual annual payment.

   1 more example

   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.

   2020, Sabrina Manville, Nick Ducoff, Better Off After College

2. UStransitiveTo fund (environmental cleanup) by means of a Superfund.

   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.

   2006, Environment Reporter: Cases, page 1662

plural Superfunds

1. USA large amount of money designated for environmental cleanup by the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980.

   a Superfund site

   1 more example

   The threat to the Dow complex highlights the risks to Superfund and other toxic cleanup sites posed by the effects of climate change, which include more frequent and severe flooding.

   2020 May 20, Hiroko Tabuchi, “Dam Failure Threatens a Dow Chemical Complex and Superfund Cleanup”, in New York Times