“first loss tranche” means a first loss tranche as defined in point (18) of Article 2 of Regulation (EU) 2017/2402;
ciallaíonn ‘tráinse céadchaillteanais’ tráinse céadchaillteanais mar a shainmhínítear i bpointe (18) d’Airteagal 2 de Rialachán (AE) 2017/2402;