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.
To shorten (something) by, or as if by, cutting part of it off.
To shorten (a decimal number) by removing trailing (or leading) digits.
To replace a corner by a plane (or to make a similar change to a crystal).
Truncated.
Having an abrupt termination.