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Super sinker bond
Definition:
Usually a home financing bond, but also any other bond that has long-term coupons but short maturity; the mortgages may be prepaid, ...
SUPER SINKER - A colloquial term for a term maturity, usually from a single family mortgage revenue issue with several term maturities, ...
super sinker bond A bond with long-term coupons coupled with a short-term maturity. Such a bond... supercede To rise in power, authority, validity, or importance, replacing a previously superior entity.
 See also: Maturity, Sinker, Interest Rate, Issue, Long
  
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