Tranche

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Revision as of 12:48, 12 November 2016 by imported>Doug Williamson (Expand.)
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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.


See also