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 [Merriam-Webster]
Ran across this word today in some company mail. In terms of its sound, it’s really an ugly word, isn’t it? All glottal. If I understand glottal properly.
