这笔投资将在三年内分五期等额支付。

The investment will be paid out in five equal ___tranches over three years.

这个投资产品分为三个风险等级不同的部分。

The investment product is divided into three ___tranches with different risk levels.

政府将分三个阶段发放这笔资金。

The government will distribute the funds in three ___tranches.