noun Download 🔗Share A slice, section or portion. Examples : "The company released the project funding in tranches, with each tranche tied to specific milestones being reached. " part 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 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." " business finance 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 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." " 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 company divided its large debt into several tranches, each with a different interest rate and repayment schedule, to attract a wider range of investors. " business finance economy Chat with AIVocabulary GamePractice Reading