Tranche
a floor of the issue: senior is paid first, equity burns first
Where it appears in the course
In the academy “Tranche” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.
a floor of the issue: senior is paid first, equity burns first
In the academy “Tranche” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.