Glossary and terms about credit cardsHome » Credit Card Glossary

A B C D Z Y X W V U T S R Q P O N M L K J I H G F E List All

Tranche

A tranche is a portion of a securitized credit card portfolio. Tranches are typically organized into classes based on risk (i.e. Class A, Class B, etc.) Investors buy portions of a securities portfolio and are paid based on the hierarchy of tranches.