superbond

plural superbonds

1. businessA financial instrument that consolidates multiple debts into a single bond.

   In 2007 the debts had been aggregated into one superbond, whose interest rate began at 4.5 percent […]

   2015, Tom Lansford, Political Handbook of the World 2015

   2 more examples

   In January 2013, the government announced that it had reached a deal with creditors to restructure its $544 million commercial external debt, commonly referred to as the “superbond.”

   2013, Central Intelligence Agency, The CIA World Factbook 2014, →ISBN

   As part of that new bond, general obligation holders would have the first claim on government revenues, giving them the highest priority in the superbond structure.

   2015 November 22, Michael Corkery, “Creditors Signal Potential Support for Overhauling Puerto Rico Debt”, in New York Times

2. An adhesive force formed by multiple constituent bonds.

   Each vertex of the superbond lattice is surrounded by four bonds of the original lattice.

   1990, Michio Jimbo, Yang-Baxter Equation in Integrable Systems, →ISBN, page 30

   1 more example

   The current distribution in one superbond is by definition of the constant-current ensemble given for a unit current flowing through it.

   2014, H.J. Herrmann, S. Roux, Statistical Models for the Fracture of Disordered Media, →ISBN, page 144