tranches

"The company released the project funding in tranches, with each tranche tied to specific milestones being reached. "

""Because Mr. Davis paid for his life insurance policy over several years, his beneficiary will receive the benefits in separate tranches, each corresponding to the premiums paid during a specific period." "

""Because she worked at the company for many years and the pension rules changed over time, her retirement income will be paid out in several tranches, each calculated according to the rules in place when she earned that portion of her pension." "

"The company divided its large debt into several tranches, each with a different interest rate and repayment schedule, to attract a wider range of investors. "