tranche

A slice, section or portion.

Servants, carrying huge baskets suspended before them in which were huge tranches of bread, speedily distributed the contents; and they were followed by others bearing huge cans of milk, hot and cold.

Habeck said he was planning to announce a first tranche of climate protection measures by Easter, and a second by the end of the summer, to come into force by 2023.

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

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

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.

To divide into tranches.