tranche
One financial segment
A tranche is a portion or slice of something larger, especially in finance where it refers to a segment of a debt or investment that has been divided into parts with different risk levels, interest rates, or maturity dates.
The bank sold the riskiest tranche of mortgage-backed securities to hedge funds.
From French for "slice," the term appears most often in discussions of structured financial products, loans, or funding released in stages.
The next tranche of aid will be released once conditions are met.
Portion cut off
- segmentDistinct part of whole
- sharePortion given out
- allocationDistribution of shares
- divisionSplitting into parts
fraction · part · batch · lot · block · chunk · piece · section
Distribution of shares
- disbursementDistribution of funds
- installmentPeriodic partial payment
- portionDivided share given
- capitalWealth used for investment
investment · securities · yield · maturity · investor · underwriter · syndication · drawdown
Lower position in hierarchy
- seniorHigher in rank
- mezzanineIntermediate story between floors
- juniorLower in standing
- waterfallDescending river over precipice
asset-backed · mortgage-backed · collateralized · pooling · derivatives · cash-flow · CDO
slice
Portion cut off
- segmentDistinct part of whole
- sharePortion given out
- allocationDistribution of shares
division · fraction · part · batch · lot · block · chunk · piece · section · allotment
allocation
Distribution of shares
- disbursementDistribution of funds
- installmentPeriodic partial payment
- portionDivided share given
capital · investment · securities · yield · maturity · investor · underwriter · syndication · drawdown · commitment
subordination
Lower position in hierarchy
waterfall · asset-backed · mortgage-backed · collateralized · pooling · derivatives · cash-flow · CDO
repayment
Giving back what's owed
- amortizationGradual debt reduction schedule
- principalChief school administrator
- interestAttention, stake, or fee
maturity · obligation · creditor · borrower · loan · bond · debenture · default · seniority · subordinated
- fish cutsfillet, steak, loin, belly, pave
- housing crisishousing bubble, housing crash, subprime mortgages, foreclosures, subprime loans
- SecuritizationABS, CDO, CMO, pass-through, Fannie Mae
- IMFIMF, International Monetary Fund, SDR, quota, quota system
- excerptsexcerpt, extract, snippet, clip, passage
- partspart, piece, section, segment, portion
trancheconsolidation
Combining into unified whole
aggregation · unification · merger · pooling · combination
tranchelump sum
Entire amount at once
single payment · one-time payment · upfront payment · immediate release