tranche
C1CEFR level
68/100Rarity: rare
TechnicalRegister
Law noun
A distinct portion of a larger facility that carries its own terms as to amount, pricing, ranking or repayment profile.
The senior debt was split into an amortising term loan A tranche and a bullet term loan B tranche.
Business noun
A distinct slice of a financing or security carrying its own risk and return profile.
Investors piled into the senior tranche while the equity tranche took the first losses.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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