tranche of a loan
11tranche — /trɑ:nʃ/ noun one of a series of instalments (used when referring to loans to companies, government securities which are issued over a period of time, or money withdrawn by a country from the IMF) ● The second tranche of interest on the loan is… …
12Credit Tranche — A system used by the International Monetary Fund (IMF) to govern its lending activities to member countries. When a member nation applies for a loan to help with balance of payment difficulties, the IMF will disperse the loan in a series of… …
13Interest-only loan — An interest only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest only term the borrower may enter an interest only mortgage, pay …
14Pro-Rata Tranche — A portion of a syndicated loan that is made up of a revolving credit facility and an amortizing term loan. The pro rata tranche is syndicated by banks, as opposed to institutional tranches, which are primarily comprised of non bank lending… …
15Collateralized loan obligation — Collateralized loan obligations (CLOs) are a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches. A CLO is a type of… …
16Second lien loan — (or last out participation) is a form of loan with a security interest in the assets of a company that are second in ranking behind a traditional senior credit facility. A lien is a form of security interest granted over an item of property to… …
17incremental loan — USA incremental loans, Also known as an accordion feature. A feature of some loan agreements that allows the borrower to add a new term loan tranche or increase the revolving credit loan commitments under an existing loan facility …
18collateralised loan obligations — (CLO) International Also referred to as CLO. Structured finance instruments (being debt securities (debt security) in the form of bonds or notes) which are backed, that is funded by and secured over, a portfolio of loans. See also …
19collateralised loan obligation — collateralised loan obligations (CLO) International Also referred to as CLO. Structured finance instruments (being debt securities (debt security) in the form of bonds or notes) which are backed, that is funded by and secured over, a portfolio of …
20collateralized loan obligation — collateralised loan obligations (CLO) International Also referred to as CLO. Structured finance instruments (being debt securities (debt security) in the form of bonds or notes) which are backed, that is funded by and secured over, a portfolio of …
