tranche

1. A slice, section or portion.

2. One of a set of classes or risk maturities which comprise 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.

3. A division or portion of a pool or whole.

4. An issue of bonds derived from a pooling of like obligations (as securitized mortgage debt) that is differentiated from other issues especially by maturity or rate of return.

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Top Words by points	Points	Word Game
chanter	12	Scrabble

2 Letters	Scrabble® Points
ae	2
ah	5
an	2
ar	2
at	2
eh	5
en	2
er	2
et	2
ha	5
he	5
na	2
ne	2
re	2
ta	2
te	2

3 Letters	Scrabble® Points
ace	5
act	5
ane	3
ant	3
arc	5
are	3
art	3
ate	3
can	5
car	5
cat	5
ear	3
eat	3
era	3
ern	3
eta	3
eth	6
hae	6
hat	6
hen	6
her	6
het	6
nae	3
nah	6
net	3
nth	6
rah	6
ran	3
rat	3
rec	5
ret	3
tae	3
tan	3
tar	3
tea	3
tec	5
ten	3
the	6

4 Letters	Scrabble® Points
ache	9
acne	6
acre	6
ante	4
arch	9
cane	6
cant	6
care	6
carn	6
cart	6
cate	6
cent	6
cert	6
char	9
chat	9
each	9
earn	4
eath	7
echt	9
etch	9
etna	4
haen	7
haet	7
hant	7
hare	7
hart	7
hate	7
hear	7
heat	7
hent	7
hern	7
narc	6
near	4
neat	4
race	6
rant	4
rate	4
rath	7
rent	4
rhea	7
tace	6
tach	9
tahr	7
tare	4
tarn	4
tear	4
tech	9
tern	4
thae	7
than	7
then	7
cath	9
nare	4

5 Letters	Scrabble® Points
antre	5
caner	7
caret	7
carte	7
cater	7
chant	10
chare	10
chart	10
cheat	10
chert	10
crane	7
crate	7
earth	8
enact	7
hance	10
hater	8
heart	8
nacre	7
natch	10
neath	8
rance	7
ranch	10
ratch	10
rathe	8
reach	10
react	7
recta	7
retch	10
tache	10
teach	10
tench	10
thane	8
theca	10
trace	7

6 Letters	Scrabble® Points
anther	9
canter	8
carnet	8
centra	8
nectar	8
rachet	11
recant	8
tanrec	8
thenar	9
trance	8
trench	11

7 Letters	Scrabble® Points
chanter	12
tranche	12