noun Download 🔗Share A slice, section or portion. Examples : "The bank released the loan in three tranches, so we only received a portion of the money this month. " part amount business finance Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments. Examples : "Because Sarah paid her life insurance premiums in installments, each payment created a new tranche of benefits payable to her family. " finance business insurance Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules. Examples : ""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." " business finance insurance Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share 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. Examples : "The investment firm offered a new set of bonds, with each tranche having a different interest rate and repayment schedule. " finance business economy asset Chat with AIVocabulary GamePractice Reading
verb Download 🔗Share To divide into tranches. Examples : "The company decided to tranche its large project into smaller, more manageable phases to ensure better progress tracking. " business finance Chat with AIVocabulary GamePractice Reading