What is the meaning of tranches?
/trɑːnʃ/ us. one of the parts into which a particular financial arrangement, payment, investment, etc. is divided: The oil company will pay $2.4 billion in cash up front, with three annual tranches of $1.25 billion to come.
What is another word for tranches?
a part or share of something
Synonyms: A share of something. share. portion. slice.
What is meant by the word tranche?
: a division or portion of a pool or whole. specifically : an issue of bonds derived from a pooling of like obligations (such as securitized mortgage debt) that is differentiated from other issues especially by maturity or rate of return.
What does 2 tranches mean?
Second Tranche means the balance of the proceeds of the Loan remaining in the Loan Account after the utilization of the First Tranche, to be withdrawn pursuant to and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement.
What is meaning tranche in business?
"Tranche" is a French word meaning "slice" or "portion." In the world of investing, it is used to describe a security that can be split up into smaller pieces and subsequently sold to investors.
What does first tranche mean?
Based on 10 documents. 10. First Tranche means the portion of the proceeds of the Loan in an amount not exceeding the equivalent of $250,000,000 to be initially withdrawn and utilized; Sample 1.
How do you use the word tranche?
Word forms: tranches
On February 12th he put up for sale a second tranche of 32 state-owned companies. A tranche of something is a piece, section, or part of it. A tranche of things is a group of them. They risk losing the next tranche of funding.
What is tranche period?
Tranche Period means a specified period (as determined by the related Owner or Funding Agent) during which an Ownership Tranche will accrue interest by reference to a component of a Yield Rate, including the Eurodollar Rate, the Prime Rate or a Federal Funds Effective Rate.
How many is a tranche?
one part or division of a larger unit, as of an asset pool or investment: The loan will be repaid in three tranches.
What is a tranche date?
Tranche Date means the day on which a Tranche matures or otherwise becomes due and payable; provided however, if at any time a Trigger Event has occurred, the Tranche Date for all Tranches of Notes issued after the date of such occurrence shall be a Remittance Date; Sample 1Sample 2.
What is an example of tranche?
Examples of financial products that can be divided into tranches include bonds, loans, insurance policies, mortgages and other debts.
What are examples of tranches?
Examples of financial products that can be divided into tranches include bonds, loans, insurance policies, mortgages and other debts.
What are the three types of tranches?
They are of three types based on this – equity or junior, mezzanine. read more, and senior. Equity/Junior – It comprises the lower level of investment promising better returns but at a higher risk as they are not asset-backed. Seasoned credit investors prefer this type of tranches investment.
How do tranches work?
Tranches allow investors to create a single class or several classes of securities with a higher rating than the underlying asset pool. The senior tranches with a higher rating are insulated from the risk of default of the underlying asset pool since the losses are absorbed by the junior tranches.
