Definitions for tranche
This page provides all possible meanings and translations of the word tranche
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.
Sample Sentences & Example Usage
It suffered delays as a result of partisan political differences in the last dispensation. After the first tranche was disbursed there was a freeze on the second tranche.
The agreement paves the way for the formal approval by the ESM Board of Directors on Monday 23 November of disbursing the 2 billion euro sub-tranche linked to the first set of milestones.
We have got a lot of technical work to do to get the next tranche of opportunities ready, that's kind of comforting to me; it gives me some time to see what happens in all this crazy market.
On the basis of a final compliance notice... the EWG agreed that the Greek authorities have now completed the first set of milestones and the financial sector measures that are essential for a successful recapitalization process, the agreement paves the way for the formal approval by the ESM Board of Directors on Monday 23 November of disbursing the 2 billion euro sub-tranche linked to the first set of milestones.
At the moment, the troika and Greece have to determine whether Greece has fulfilled the conditions for the payment of the final tranche of the current program, then we have to see what is necessary for next year after the current program has expired. Greece is in a better position than we assumed two years ago but it needs support on financial markets, so the thinking is in terms of a precautionary credit line, with certain conditions attached.
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