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
There are even wage differences within bottom tranches of the ladder.
The company priced the 10-year tranche to yield 3.17%, some 90 basis points over the benchmark Treasury bond.
Consider that the list of bonds downgraded by S&P goes on for several pages, showing a total of 21 debt issues ranging from $6.5 million to $172 million, each with multiple tranches of maturity dates.
The latest tranche of money is part of an €86 billion bailout, Greece’s third rescue since the crisis erupted.
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.
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.
Q: The first tranche of borrowing that All Aboard Florida did was $405 million.
The first tranche of borrowing that All Aboard Florida did was $405 million.
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.
legal Definition of tranche
Origin and Etymology of tranche
Seen and Heard
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