Stratum vs Tranche - What's the difference?
stratum | tranche |
One of several parallel horizontal layers of material arranged one on top of another.
(geology) A layer of sedimentary rock having approximately the same composition throughout.
Any of the regions of the atmosphere, such as the stratosphere, that occur as layers.
(biology) A layer of tissue.
A class of society composed of people with similar social, cultural, or economic status.
(ecology) A layer of vegetation, usually of similar height.
A slice, section or portion.
(finance) 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.
As a noun stratum
is one of several parallel horizontal layers of material arranged one on top of another.As a verb tranche is
.As an adjective tranche is
clear-cut, marked.stratum
English
Noun
(strata)Synonyms
* (layers of material arranged one on top of another) tiertranche
English
(wikipedia tranche)Noun
(en noun)External links
* *Investor Words