Definition from Wiktionary, the free dictionary
Alteration of university
Derived terms 
university — see university
Usage notes 
- Used attributively in the UK to describe a sports team representing a university or college, or a match involving such a team.
- Used attributively in the U.S. and Canada to describe a sports team made up of older high school or college students (generally the 3rd and 4th years of a 4-year program), as contrasted with the junior varsity team made up of 1st- and 2nd-year students.