WordValenoun
tranche
one portion of a larger financial deal or security
In more detail
1. (noun) a part or section of something, especially money that is divided into separate payments
2. (noun) a group or level of people classified by a particular quality such as age or income
Examples
- 1. The loan was provided in three tranches over two years.
- 2. The highest income tranche pays more taxes.
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