- Finance.
- one part or division of a larger unit, as of an asset pool or investment: The loan will be repaid in three tranches.
- a group of securities that share a certain characteristic and form part of a larger offering: The second tranche of the bond issue has a five-year maturity.
- any part, division, or installment: We’ve hired the first tranche of researchers.
- to divide into parts: tranched debt;A credit portfolio can be tranched into a variety of components that are then further subdivided.
- a portion or instalment, esp of a loan or share issue
