Jumbo

A jumbo typically refers to a large-sized product or item, such as a "jumbo" coffee or "jumbo" shrimp, indicating that it is bigger than the standard version. In finance, "Jumbo" often describes oversized loans or securities exceeding typical size limits, especially in the mortgage industry, where they are called "jumbo loans" because they surpass conforming loan limits set by regulatory agencies. These larger financial products usually entail different regulations, higher risk, and often higher interest rates due to their size. Overall, "jumbo" signifies something notably larger than usual within its context.