tranche
IPA: trˈæntʃ
noun
- A slice, section or portion.
- (insurance) A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
- (pensions) A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
- (finance) One of a set of classes or risk maturities that compose a multiple-class security, such as a CMO or REMIC; a class of bonds. Collateralized mortgage obligations are structured with several tranches of bonds that have various maturities.
verb
- (finance, transitive) To divide into tranches.
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Examples of "tranche" in Sentences
- I've just done the first tranche.
- Re issues etc are not included in this tranche.
- Consider a tranche of the CMO mentioned earlier.
- It will be the last tranche 1 standard apparently.
- CLOs accomplish this through a 'tranche' structure.
- And one of those in tranche gamma would likely be moved to tranche alpha.
- MBK004 aptly demonstrated this last tranche, as I have done this tranche.