Your total enlistment period will be eight years, but you can serve as little as three or six years, and spend the remainder in IRR Individual Ready Reserve (IRR). IRR Soldiers don't train with a unit, but can still be called up in the event of an emergency.
Structured finance. Structured finance is a sector of finance that was created to help transfer risk using complex legal and corporate entities.
(August 2010). In structured finance, a tranche is one of a number of related securities offered as part of the same transaction. The word tranche is French for slice, section, series, or portion, and is cognate to English trench ('ditch').