Tranche

[Seán Fitzpatrick]

Besides its use in finance, I've seen tranche used to refer to a group of
related issues among many others to be considered at a UN-sponsored
conference, and to a partial payment of a UN grant:  "the first tranche of a
promised $28 million...".

 

Main Entry: tranche
Pronunciation: 'tränsh
Function: noun
Etymology: French, literally, slice, from Old French, from trenchier
trancher to cut
: a division or portion of a pool or whole: as a : an issue of bonds derived
from a pooling of like obligations that is differentiated from other issues
esp. by maturity or rate of return b : a bond series issued for sale in a
foreign country 

Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.

 

 

Seán Fitzpatrick

It’s a Gnostic thing. You wouldn't understand.

http://www.logomachon.blogspot.com/

 

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