Tranche (noun)

A portion or slice of a larger financial investment or loan, typically divided into separate parts based on its maturity or risk profile.

Origin:

Derived from the french word "tranche" meaning "slice" or "portion".

Examples:

1. The bank issued tranches of bonds with different maturity dates to appeal to a wider range of investors.
2. The tranche of the loan was structured with a higher interest rate to reflect the increased risk involved.
3. The tranche of bonds was rated as investment grade, making it suitable for conservative investors.
4. The pension fund invested in a tranche of the mortgage-backed securities, hoping to earn a steady income.
5. The tranche of the loan was sold to a group of institutional investors, completing the financing round.