TRANCHE

tranche

(noun) a portion of something (especially money)

Source: WordNet® 3.1

Etymology

Noun

tranche (plural tranches)

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

tranche (third-person singular simple present tranches, present participle tranching, simple past and past participle tranched)

(finance, transitive) To divide into tranches.

Anagrams

• chanter

Source: Wiktionary