tranche (plural tranches)
- A slice, section or portion.
- (insurance) A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
- (pensions) A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
- (finance) 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.
tranche (tranches, present participle tranching; past and past participle tranched)
- (finance, transitive) To divide into tranches.
- French: tranche, tranche de crédit
- German: Tranche
- Italian: tranche
- Portuguese: tranche
- Russian: транш
- Spanish: tramo