单语范例（未经PONS编辑处理）
Some of this credit exposure is funded at the time of investment by the investors in funded tranches.
en.wikipedia.org Individual securities are often split into tranches, or categorized into varying degrees of subordination.
en.wikipedia.org The last to lose payment from default are the safest, most senior tranches.
en.wikipedia.org Authorised capital was 8000 shares of 500 gulden, to be sold in four tranches of 2000 shares each.
en.wikipedia.org The tranche can also be softened through heating in order to wrap around objects.
en.wikipedia.org