Meaning & use
Tranches
Last updated
Portions of something, especially a loan, bond issue, or fund, that is divided into installments or segments released at different times.
See it in a sentence
The government released the aid in three tranches over two years.
Investors could buy different tranches of the mortgage-backed security, each with its own risk level.
A note on using this word
Borrowed from French "tranche," meaning "slice."
Words with a similar meaning
installmentsportionssegments
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