a portion of something (especially money)
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.
Origin: tranche, form of trancher, from trenchier. Cognate to English trench.
In structured finance, a tranche is one of a number of related securities offered as part of the same transaction. The word tranche is French for slice, section, series, or portion, and is cognate to English trench. In the financial sense of the word, each bond is a different slice of the deal's risk. Transaction documentation usually defines the tranches as different "classes" of notes, each identified by letter with different bond credit ratings. The term tranche is used in fields of finance other than structured finance, but the term's use in structured finance may be singled out as particularly important. Use of "tranche" as a verb is limited almost exclusively to this field.
The numerical value of tranche in Chaldean Numerology is: 7
The numerical value of tranche in Pythagorean Numerology is: 6
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