tranche

noun
\ ˈträⁿsh How to pronounce tranche (audio) \

Definition of tranche

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

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Finance and Tranche

In French, tranche means "slice." Cutting deeper into the word's etymology, we find the Old French word trancer, meaning "to cut." Tranche emerged in the English language in the late 19th century to describe financial appropriations. Today, it is often used specifically of an issue of bonds that is differentiated from other issues by such factors as maturity or rate of return. Another use of the French word tranche is in the French phrase une tranche de vie, meaning "a cross section of life." That phrase was coined by the dramatist Jean Jullien (1854-1919), who advocated naturalism in the theater.

Examples of tranche in a Sentence

Recent Examples on the Web

But even with both equity tranches, Carlyle is still described as having a minority equity position in Ithaca. Ed Christman, Billboard, "What Is Big Machine Actually Worth In Its Pending Nine-Figure Acquisition By Ithaca Holdings?," 3 July 2019 The money for each tranche will come from a loan to the JPA, not the city. San Diego Union-Tribune, "City of San Diego predicts community choice energy can beat SDG&E rates by 5% on customers’ bills," 30 June 2019 The first tranche of potential challengers to Donald Trump faced off last night, with Elizabeth Warren emerging as the big winner. Kathleen Hunter, Fortune, "Tonight's Democratic Debate Is Biden's Chance to Prove Why He's Leader of the Pack," 27 June 2019 After a manufacturer sells that first tranche, the tax credit drops by half for cars sold over the next six months - then by half again for another six months before disappearing entirely. The Washington Post, oregonlive.com, "Electric car tax break sets off battle between automakers, oil and natural gas companies," 27 June 2019 In the closing $50 million tranche, investors included Invesco Asset Management and Woodford Investment Management. Evofem, San Diego Union-Tribune, "Evofem gets $80 million for vaginal gel contraceptive," 11 June 2019 This year, the highest-yielding deal has come from Kenya, which sold a 30-year tranche at 8.25 percent in mid-February. Bloomberg.com, "On Sale: This Year’s Juiciest Dollar Bond, Paying Close to 10%," 2 May 2018 The top tranche has often received a sterling triple-A grade from rating firms. Cezary Podkul, WSJ, "‘I Can Be the Bank’: Individual Investors Buy Busted Mortgages," 20 Nov. 2018 This tranche is going to show again that there's anomalies. Fox News, "Kennedy: Kavanaugh is firm that allegation didn't happen," 18 Sep. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tranche.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of tranche

1893, in the meaning defined above

History and Etymology for tranche

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

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Dictionary Entries near tranche

tran

trance

trancedly

tranche

tranche de vie

tranchet

traneen

Statistics for tranche

Last Updated

13 Jul 2019

Look-up Popularity

Time Traveler for tranche

The first known use of tranche was in 1893

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More Definitions for tranche

tranche

noun
\ ˈträⁿsh How to pronounce tranche (audio) \

Legal Definition of tranche

: a division or portion of a pool or whole: as
a : an issue of bonds derived from a pooling of like obligations that is differentiated from other issues especially by maturity or rate of return
b : a bond series issued for sale in a foreign country

History and Etymology for tranche

French, literally, slice, from Old French, from trenchier trancher to cut

Comments on tranche

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