supersenior

plural superseniors · alternative super-senior

1. businessHaving high-quality financial paper with very low risk exposure.
2. PhilippinesUSeducationA university or secondary school student who is in their fifth year of secondary education or postsecondary education without having graduated.

alternative super-senior

1. not comparablebusinessOf a status higher than that of a senior lender.

   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.

   2007 October 31, Nick Cumming-Bruce, “Mortgage Woes Push UBS to Its First Loss in 5 Years”, in New York Times