Tranche definition

Tranche

Topics Tranche Definition

WordNet

noun

(1) A portion of something (especially money)

WiktionaryText

Noun

A slice, section or portion.
One of a set of classes or risk maturities which comprise 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.

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