Meaning of tranche | Babel Free

Definitions

1. A slice, section or portion.
2. A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
3. A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
4. One of a set of classes or risk maturities that compose 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.

Equivalents

Examples

“Servants, carrying huge baskets suspended before them in which were huge tranches of bread, speedily distributed the contents; and they were followed by others bearing huge cans of milk, hot and cold.”

“Habeck said he was planning to announce a first tranche of climate protection measures by Easter, and a second by the end of the summer, to come into force by 2023.”

“The files took all day to upload, since the connection often dropped. […] Then, half an hour before the bookstore closed, the final tranche went through.”

CEFR level