tranche /tɹɑ̃ʃ/noun 4verb 1forms 3 noun4 •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. — 1893 •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. verb1 •To divide into tranches. formstranched · tranching · tranches
