Definition
: a division or portion of a pool or wholeExamples
"JPMorgan Chase must retain 5% of each tranche, or class, of notes to be issued by the trust…. The bank must also comply with disclosure and reporting requirements introduced for securitization…." — Allison Bisbey, The American Banker, 17 Mar. 2016"The sale of a first tranche of shares to private investors via an initial public offering (IPO) … could start as soon as next year, with the eventual aim of being big enough to potentially buy some of the world's largest companies…." — Terry Macalister, The Guardian, 1 Apr. 2016
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