One of a series of allotments (of funds for a certain purpose).
A slice, section or portion.
One set or portion of a series.
(insurance) A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
To divide into parts or portions of a series (especially of allotments of funds).
(pensions) A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
Divided into portions or parts of a series (especially of allotments of funds).
(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.
To divide into tranches.
a portion of something (especially money)
a portion of something, especially money
‘they released the first tranche of the loan’;
In structured finance, a tranche is one of a number of related securities offered as part of the same transaction. In the financial sense of the word, each bond is a different slice of the deal's risk.