An annuity or security with a certain fixed and guaranteed annual percentage rate of return or percentage dividend.
The percent sign, %.
A percentage, a proportion (especially per hundred).
One part per hundred; one percent.
Per hundred.
For every hundred (used with preceding numeral to form a noun phrase expressing a proportion).
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.
To divide into tranches.