To divide into two halves.
To make up half of.
In match play, to achieve a tie or draw on.
To join two pieces of timber etc. by cutting away each for half its thickness at the joining place, and fitting together.
To reduce to half the original amount.
To divide into tranches.
A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
One of a set of classes or risk maturities that compose a multiple-class security, such as a CMO or REMIC; a class of bonds. Collateralized mortgage obligations are structured with several tranches of bonds that have various maturities.
A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
A slice, section or portion.