What is a tranche?
What is the meaning of a Tranche?
Definition of 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 is the meaning of 1st Tranche?
First Tranche means, calculated separately for each CFD, one or more series of CFD Bonds (including refunding bonds) secured by the levy of Project Special Taxes in such CFD, the proceeds of which the Agency is obligated under this Financing Plan to use to finance Qualified Project Costs.
What does Tranche mean in legal terms?
A Tranche is one of a number of related securities offered as part of the same transaction. The word tranche is French for slice, or portion. In the financial sense of the word, each bond is a different slice of the deal’s risk.
What is a Tranche amount?
Tranche Amount means the amount of any individual purchase of Preferred Shares under this Agreement, as specified by the Company, and shall not exceed the Maximum Tranche Amount.
How do tranches work?
Tranches are pieces of a pooled collection of securities, usually debt instruments, that are split up by risk or other characteristics in order to be marketable to different investors. Tranches carry different maturities, yields, and degrees of risk—and privileges in repayment in case of default.
What is final tranche?
Final Tranche means the effective date of the final sale by VEC of its equity ownership interest in Holdings, whether by public offering, private placement or otherwise, at which time it is contemplated that VEC shall cease to have any equity ownership interest in Holdings.
What is the meaning of 2nd tranche?
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the balance of the proceeds of the Loan remaining in the Loan Account after the utilization of the First Tranche, to be withdrawn pursuant to and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement. Sample 1.
What does tranche payment mean?
A tranche is a portion of a type of financial instrument that is divided into risk classes. Each tranche offers a varying degree of risk and return so as to meet investor demand. Investors in the most risky tranches receive the highest payouts, but are the first to lose their payments if loans in the pool default.
What is a tranche based product?
Tranches are a collection of securities that are separated and grouped based on various characteristics and sold to investors. Tranches can have different maturities, credit ratings, and yields–or interest rates.
How do you say the word tranche?
Quote: Sound tranche have a word or phrase you need help pronouncing. Leave us a comment and we'll make a video for you want to sound like a native speaker. You can do. It speechmodification.com.
What is a tranche in a facility?
Facility Tranche means the portion of the Aggregate Commitment Amount comprised of the Commitments and the Advances made or to be made pursuant to such Commitments that have been allocated by Lessee to a Facility pursuant to Section 6.4 of the Participation Agreement or a Proposed Site pursuant to Section 6.2(p) of the
What is a first loss tranche?
First Loss Tranche means the amount of loss the Assuming Institution shall absorb prior to the commencement of loss sharing and it must be stated as zero or a positive number. The First Loss Tranche bid is expressed as a percentage of the Book Value of Assets covered by loss sharing.
How are tranches paid?
Tranches are paid sequentially starting from the senior tranches to the junior tranches. Senior tranches have a higher bond credit rating than junior tranches, although these ratings fluctuate once the debt is issued.
What is a tranche in cooking terms?
A slice of meat, fish or poultry that is cut across the fillet at an angle, exposing more surface area, making the piece appear larger.
What is a tranche in project management?
Tranches. Another useful concept from the MSP standard is tranches—these are a group of projects structured around distinct step changes in capability and benefit delivery. The concept facilitates those programs whose total plan cannot be determined at the beginning.
What is tranche in agile?
The current plan is to use prioritized “tranches”, where each tranche is an internally prioritized list of tasks all related to a single goal.
What is a tranche of documents?
In relation to a structured note issuance, (being debt securities in the form of bonds or notes which are divided into different “classes” of debt securities), a “tranche” denotes each class of notes comprising the same issue.
Is Tranching a word?
Tranching definition
Present participle of tranch.
What is a tranche of people?
a group of people who are part of a larger group and all do something at the same time.
What is the plural of tranche?
Noun. tranche (plural tranches) A slice, section or portion.