tranche
/tɹɑ̃ʃ/noun
High School
1
A slice, section or portion.
2
A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
3
A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
4
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.
Sound Patterns & Rhymes
Alliteration
Words starting with the same consonant sound — used in poetry and prose to create rhythm, emphasis, and memorable phrasing (e.g. “Peter Piper picked”)
Assonance
Words sharing similar vowel sounds regardless of starting letter — creates internal melody in writing