noun
- a portion or installment of something larger, especially money, shares, or bonds
Usage: finance
Examples
- The loan was divided into three tranches of $10 million each.
- Investors can purchase shares in different tranches throughout the year.
- The government will release the funding in monthly tranches.
- The first tranche of the bond issue was oversubscribed.
- Each tranche carries different interest rates and maturity dates.
- The company plans to sell its assets in separate tranches.