tranche
Noun: 1. A portion or slice of something, especially a sum of money or a financial instrument, that is divided into parts for separate management or distribution. This is the primary and most common usage, particularly in finance and economics. It refers to one of several related parts issued or handled at different times or with different conditions.
The word "tranche" is almost exclusively used as a countable noun. It is a specialized term common in formal contexts like finance, banking, and international lending. You typically refer to "a tranche" or "tranches" of something larger.
- Noun:
- The World Bank approved the first tranche of the $500 million loan.
- The bond issue was split into several tranches, each with a different maturity date.
- The company will release the next tranche of shares to the market next quarter.
- "to be paid/released in tranches": This phrase describes the method of distributing funds or assets in separate, scheduled portions.
- The aid package will be disbursed in tranches over three years.
- "senior/junior tranche": In structured finance (like mortgage-backed securities), different tranches have different levels of priority for repayment and associated risk.
- The senior tranche has the first claim on cash flows and carries the lowest risk.
- Tranched (adjective): Describes something that is divided into tranches.
- The deal was structured as a tranched investment.
- Portion: A part of a whole.
- Slice: A share or portion.
- Instalment (UK) / Installment (US): A sum of money due as one of several equal payments for something.
- Segment: Each of the parts into which something is divided.
While its core meaning is "a portion," tranche carries a strong connotation of being one of several sequential, structured, or formally designated parts of a larger whole, especially in financial and official contexts. It is not typically used for casual divisions.
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a portion of something (especially money)
