tranche

tranche

noun \ˈträⁿsh\

Definition of TRANCHE

:  a division or portion of a pool or whole; specifically :  an issue of bonds derived from a pooling of like obligations (as securitized mortgage debt) that is differentiated from other issues especially by maturity or rate of return

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Origin of TRANCHE

French, literally, slice, from Old French, from trenchier, trancher to cut — more at trench

First Known Use: 1930

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer