Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Tranche
n. [French "slice"] Securities. 1. A bond issue derived from a pooling of similar debt obligations. ( A tranche usu. differs from other issues by maturity date or rate of return. 2. A block of bonds designated for sale in a foreign country. - Also spelled tranch; trench. See COLLATERALIZED MORTGAGE OBLIGATION.