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tranche

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noun \ˈträⁿsh\

Definition of tranche

  1. :  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



Origin of tranche

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


First Known Use: 1930


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