What is a tranche?

What is a tranche? Here are some definitions.

Noun A slice, section or portion. (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. Find more words! 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However, his publisher seems to have required a more high-toned explanation before furnishing him with a fresh tranche of money and renown. The distribution of the first tranche is now set to take place on 12 September. Each party must break down its expenditure under a number of headings for each tranche of funding it receives from the state. For the fixed rate tranche, market sources suggested the tenor will be either one or three years. It is believed that deals have been signed on half the tranche of property currently being sold off. See Also What is another word for tranche? What is the opposite of tranche? Sentences with the word tranche Words that rhyme with tranche What is the plural of tranche? Nearby Definitions tranch trancey trancework trancesters trancester trances tranched tranches tranchet tranchets tranching trancing 7-letter Words Starting With t tr tra tran tranc tranch