Meaning of “tranche” in the English Dictionary

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"tranche" in British English

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(Definition of “tranche” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"tranche" in Business English

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tranchenoun [ C ]

uk /trɑːnʃ/ us FINANCE

one of the parts into which a particular financial arrangement, payment, investment, etc. is divided:

The oil company will pay $2.4 billion in cash up front, with three annual tranches of $1.25 billion to come.
They will follow up last year's initial public offering with the sale of a further tranche of shares worth up to €500m.

(Definition of “tranche” from the Cambridge Business English Dictionary © Cambridge University Press)