Tranche: Difference between revisions
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One part of a number of different securities that are issued by the same issuer at the same time. | One part of a number of different securities that are issued by the same issuer at the same time. | ||
Such securities may differ in terms of risk, yield and/or (most commonly) maturity. | Such securities may differ in terms of risk, yield and/or (most commonly) maturity. | ||
2. | |||
More broadly, any defined part - or slice - of a total. | |||
''Tranche'' means slice, or portion, in French. | |||
Revision as of 12:48, 12 November 2016
1.
One part of a number of different securities that are issued by the same issuer at the same time.
Such securities may differ in terms of risk, yield and/or (most commonly) maturity.
2.
More broadly, any defined part - or slice - of a total.
Tranche means slice, or portion, in French.
