In the bond market it has two meanings. (1) One of several related securities with the same coupon rate and maturity date, but with different dated dates. The tranches become fungible at a future date, usually the first coupon date. (2) A bond that shares documentation with another issue, but has different terms. (3) A portion of, specifically used for borrowings from the IMF.
Instalment of a loan, can take the form of - multiple instalments - at different interest rates or of international bond issues in different currencies.
a portion of a set of securities. Each tranche may have different rights or risk characteristics.
(1) A term used to refer to IMF's borrowing facilities. The reserve tranche refers to the 25% of a member's quota paid in reserve assets.(2) In security markets, the term indicates a part issue of securities. Français: Tranche Español: Tramo
An installment of an existing bond issue.
a segment of a capital issue offered for sale on a particular date; an installment.
An installment of a loan: IMF loans are disbursed incrementally to ensure adherence to attached conditions.
a portion of something (especially money)
an installment or portion of an IMF loan
A term commonly used to describe a further issue of an existing security which will become fungible with the present security at a future date.
A portion or installment of a loan.
A portion of a multiclass security.
An instalment, one of a series. Transfer. In IHT terms, taken to mean any item of value where the ownership exchanges hands without cost. A gift.