Meaning & use
tranche
Last updated
A portion of something, especially a sum of money, that is one of several parts to be paid or issued over time.
See it in a sentence
The loan will be released in three tranches over the course of the year.
Investors bought the riskiest tranche of the mortgage-backed security.
A note on using this word
Common in finance and economics to describe segments of a larger financial deal, such as a bond issue or loan.
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