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Word: tranche (lookup usage) (lookup stats)


Meaning:

Noun:

  • A slice, section or portion.
  • finance 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.

Source: Wiktionary | Src Info »