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tranched
adjective 
  1. (finance) Divided, portioned or partitioned. To be divided into tranche, tranches.
Tranched funding can be an effective means of enforcing performance targets.
Source: http://www-esd.worldbank.org/ais/index.cfm?Page=mdisp&m=7&p=0 Agriculture Investment Sourcebook
Etymology: This term is derived from the French verb trancher.

     
 
  

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