tranche

"The bank released the loan in three tranches, so we only received a portion of the money this month. "

"Because Sarah paid her life insurance premiums in installments, each payment created a new tranche of benefits payable to her family. "

""Because Sarah worked at the company for over twenty years, her pension will be paid in tranches; the first tranche reflects her early years of service under the old rules, and the second tranche reflects the later years with the new, improved benefits." "

"The investment firm offered a new set of bonds, with each tranche having a different interest rate and repayment schedule. "

"The company decided to tranche its large project into smaller, more manageable phases to ensure better progress tracking. "