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
At the bottom sits the equity tranche, the first loss-absorber and last to get paid, but the highest potential source of returns.
Filings with the Municipal Securities Rulemaking Board showed the bond sale closed Friday, with the $1 billion split into 16 tranches of varying maturities.
The United States Geological Survey, for example, is currently facing the retirement of a tranche of experienced volcanologists and must consider how best to preserve their expertise.
Lawmakers quizzed him about his advance knowledge of the release of a tranche of embarrassing emails from the account of Hillary Clinton campaign chief John Podesta by WikiLeaks during the heat of the 2016 campaign.
The publications sparked a media stampede as they were doled out one batch at a time, with many news organizations tasking reporters with scrolling through the thousands of emails being released in tranches.
Two other tranches of the catastrophe bond were against major hurricanes—for $100 million on the Atlantic coast and $110 million on the Pacific coast.
McDonald’s sold C$1 billion of bonds, while Bell priced C$1.5 billion in two tranches last week.
Atlante 2, a private bank-rescue fund, will buy most of the mezzanine and junior tranches for €1.6bn; the senior debt will be sold on the market, partly backed by a state-guarantee scheme.
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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