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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
From the M-W Editors
tranche was our Word of the Day on 05/06/2016. Hear the podcast!
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Recent Examples of tranche from the Web
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The latest tranche of money is part of an €86 billion bailout, Greece’s third rescue since the crisis erupted.
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The SiriusXM investment will see cash flow to the digital radio firm in two tranches: $172.5 million right away; and the remainder to be paid by Feb. 1, 2018.
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This has helped save an average of about 36.5 basis points across the debt tranches on CLOs refinanced in 2017 and approximately 31.5 basis points for CLO resets, according to data compiled by Bloomberg.
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Q: The first tranche of borrowing that All Aboard Florida did was $405 million.
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The first tranche of borrowing that All Aboard Florida did was $405 million.
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The big Canadian bank planned to purchase the top three tranches of the debt, equal to about 98 percent of the principal, according to a Moody’s Investors Service report.
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The saga of the Greek debt has loomed over Europe for nearly a decade, but last week the country's coalition government, led by the left-wing Syriza government, agreed further reforms in exchange for the next tranche of bail-out funds.
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The Beverly Hills Police Department has released a revealing new tranche of materials pertaining to its investigation into the November 2010 murder of prominent film publicist Ronni Chasen.
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.
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.
Origin and Etymology of tranche
French, literally, slice, from Old French, from trenchier, trancher to cut — more at trench
Other Economics Terms
Law Dictionary
tranche
playLegal 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
Origin and Etymology of tranche
French, literally, slice, from Old French, from trenchier trancher to cut
Seen and Heard
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