Tranches are portions of secuitized financial products structured to divide risk or group characteristics in ways that are marketable to various investors.

A tranche is a security, like a collateralized mortgage obligation, that can be split up into smaller pieces and subsequently sold to investors.

A Z tranche is a portion of a structured financial product that only receives payments once all the other tranches have been retired.

A sequential pay collateralized mortgage obligation (CMO) is a pooled debt instrument where the tranches are amortized in order of seniority.

CMOs consist of multiple pools of securities that are known as slices, or tranches. The tranches are given credit ratings that determine the rates returned to ...

These tranches of securities become the final investment products, bonds, whose names can reflect their specific underlying assets. For example, mortgage-backed ...

A planned amortization class (PAC) tranche is a type of asset-backed security designed to protect investors from prepayment risk and extension risk.