tranche

  1. Noun.  A slice, section or portion.
  2. Noun.  (finance) One of a set of classes or risk maturities which comprise 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.

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This entry was last updated on RefTopia from its source on 3/20/2012.