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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Recent Examples of tranche from the Web
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.
The first tranche of borrowing that All Aboard Florida did was $405 million.
The (Markowitz) efficient frontier was calculated to blend the tranches to perfect proportions, down to two decimal precision.
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.
Did You Know?
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
: 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
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