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superfund

noun, verb — 5 senses

Superfund

nounalso spelled Superfund

Etymology From super- + fund.

1

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

  • a Superfund site
  • 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:

superfund

verb

Etymology From super- + fund.

1

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

  • 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

US To 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:

superfund

noun

Etymology A blend of superannuation (“retirement”) + fund.

1

Business, Finance Australia, UK An investment vehicle for superannuation assets.

superfund

noun

Etymology From super- + fund.

1

Business, Finance An investment fund that invests in other investment funds; a fund of funds.

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — authors: page histories for Superfund and superfund.