Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Z Tranche

Updated on 2023-08-29T11:56:10.364957Z

Z tranche is the lowest-ranked tranche of a bond that relies on payments from underlying securities whose owners are entitled to any coupon payments only after more senior tranches are paid off.