Traunch vs. Tranche

Traunchnoun

One of a series of allotments (of funds for a certain purpose).

Traunchnoun

One set or portion of a series.

Traunchverb

To divide into parts or portions of a series (especially of allotments of funds).

Traunchadjective

Divided into portions or parts of a series (especially of allotments of funds).

Tranchenoun

A slice, section or portion.

Tranchenoun

(insurance) A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.

Tranchenoun

(pensions) A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.

Tranchenoun

(finance) 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.

Trancheverb

To divide into tranches.

Tranchenoun

a portion of something (especially money)

Tranchenoun

a portion of something, especially money

Tranche

In structured finance, a tranche is one of a number of related securities offered as part of the same transaction. In the financial sense of the word, each bond is a different slice of the deal's risk.