: 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

Did you know?

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 The pact then calls for VW to invest an additional $2 billion in Rivian shares via two equal tranches in 2025 and 2026. Will Daniel, Fortune, 25 June 2024 The 25-page tranche of documents from 2018 included discussions about whether to notify Congress about the existence of Fouled Anchor, a plan to provide victims with recovery services and timelines of the investigation. Lisa Hagen, Hartford Courant, 11 June 2024 La Cité has not submitted the financial information required for the next tranche of bonds to be issued, Hawley said. Emily Opilo, Baltimore Sun, 2 July 2024 An additional investment of up to $2 billion is expected to take place through two tranches of $1 billion each in 2025 and 2026. Andrew J. Hawkins, The Verge, 25 June 2024 See all Example Sentences for tranche 

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

Podcast

Dictionary Entries Near tranche

Cite this Entry

“Tranche.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tranche. Accessed 26 Jul. 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
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!