To cut into, or off in, flitches or strips.
The flank or side of an animal, now almost exclusively a pig when cured and salted; a side of bacon.
A piece or strip cut off of something else, generally a piece of wood (timber).
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.