: 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 That spending, and the tranches of debt issuance that accompany it, crowds out private economic activity. The Editors, National Review, 26 Apr. 2024 Trump's team sought to delay proceedings even further, or an outright dismissal of the case, accusing prosecutors of misconduct for failing to turn over the new tranche of documents sooner. Caitlin Yilek, CBS News, 3 Apr. 2024 The important tranche is about speed in taking action (16%), the marketplace’s talent (14%), and the effectiveness of sales, marketing, and product working together (12%). Jon Younger, Forbes, 27 Mar. 2024 Los Angeles Unified, for example, has tracked the deadlines for each tranche of state and federal pandemic aid, spending the money with the earliest deadlines first. Howard Blume, Los Angeles Times, 1 Feb. 2024 If Israel orders a major weapons system, the department only tells Congress if the tranche is valued at more than $25 million. Edward Wong, New York Times, 6 Apr. 2024 The vast majority of ballots have already been counted, but the next tranche of results from both Santa Clara and San Mateo counties is expected to be released late Tuesday afternoon. Julia Wick, Los Angeles Times, 26 Mar. 2024 After passing the first tranche of spending bills with relative ease, this week's deadline aimed to give lawmakers more time to reach agreement on the larger package, which includes subject matter that's historically been more controversial. Kaia Hubbard, CBS News, 19 Mar. 2024 Late last month, Adidas announced the launch of a fresh tranche of the sneakers. Prarthana Prakash, Fortune Europe, 13 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tranche.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

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

First Known Use

1893, in the meaning defined above

Time Traveler
The first known use of tranche was in 1893

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Dictionary Entries Near tranche

Cite this Entry

“Tranche.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tranche. Accessed 21 May. 2024.

Legal Definition

tranche

noun
: 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
Etymology

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

Last Updated: - Updated example sentences
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