Associations to the word «Tranche»

Wiktionary

TRANCHE, noun. A slice, section or portion.
TRANCHE, noun. (finance) One of a set of classes or risk maturities which 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.

Dictionary definition

TRANCHE, noun. A portion of something (especially money).

Wise words

Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
Noam Chomsky