tranche
- A segment or part of a larger pool or whole
- A set of bonds that are differentiated from others by varying factors such as maturity or rate of return, usually coming from a pool of similar obligations
- A series of bonds that is issued for the purpose of being sold in a foreign country
- The investment firm decided to purchase the high-yield tranche from the pool of corporate bonds.
- The first tranche of his inheritance will mature next year, significantly increasing his wealth.
- The company issued a tranche of their bonds in Europe to diversify their investor base.
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