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osaraha

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Terminological databases

EKI terminibaas Esterm

ID 697958 Last modified 30.12.2004
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Domain customsEU financing - EU budget
tranche preferred
  • a tranche of something - a piece, section, or part of it. A tranche of things is a group of them; a formal use
  • one of series of instalments (used when referring to loans to companies, government securities which are issued over a period of time, or money withdrawn by a country from the I.M.F.)
  • a part of a sum of money, such as a loan or payment, e.g. the gold tranche, that part of a country's I.M.F. quota that had once been paid in gold
tranche preferred
Usage examples
  • 1. In budgetary terms, the tranche shall be the total allocation provided in the budget for each research and investment objective, taking into account any financial reserves, except where the objective as defined by the Council in the programme decisions or corresponding decisions comprises several specific stages, each forming a self contained whole.
  • 2. The exercise of Drawing Rights is subject to discussion and sometimes to conditions, except for drawings on what are called the reserve tranches (sums equal to the member's original deposits in its own currency and Special Drawing Rights), which are given "the overwhelming benefit of the doubt." Countries are also free to draw without discussion up to the net amount to which they have previously been drawn upon by other countries.
  • 3. Quantities should be allocated by maximum tranches and the applications for a new tranche should be possible only when the previously allocated tranche has been utilized by at least 50.
instalment

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