\ˈträⁿsh \

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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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

More tranches of shares are expected to be sold over the next few years. The Economist, "Business this week," 7 June 2018 The administration has also signaled its intention to apply tariffs to imports of as much as $150 billion in goods from China, and the first tranche of those tariffs on $50 billion in Chinese imports could be applied as early as June 15. William Mauldin, WSJ, "Trump’s Trade Policies Threaten Millions of Jobs, U.S. Chamber of Commerce Says," 31 May 2018 But the last two tranches of $5 million, investigators say, were never approved by the union’s board of directors. Alan Feuer, New York Times, "Tracking Graft, From the Bootlegger to the Mayor," 27 Apr. 2018 The State Department hasn’t decided what to do about the second tranche due later this year. Nick Wadhams,, "U.S. Slashes Aid to Palestinians Through UN to $60 Million," 16 Jan. 2018 Angola came to market on Wednesday morning offering a 30-year Eurobond with initial price talk of around 9.625 percent, along with a 10-year tranche at 8.5 percent., "On Sale: This Year’s Juiciest Dollar Bond, Paying Close to 10%," 2 May 2018 President Donald Trump is threatening to impose higher tariffs on $450bn of imports from China, with the first tranche, on $34bn of Chinese goods, due to take effect on July 6th. The Economist, "Asia is at last waking up to the threat of a trade war," 28 June 2018 The compensation plan consists of 20.3 million stock option awards—each broken up into 12 tranches of 1.69 million shares, or 1% of Tesla’s outstanding shares. Kirsten Korosec, Fortune, "What Elon Musk's Compensation Deal Means for Tesla Motors," 22 Mar. 2018 This latest revelation -- part of a tranche of previously unreleased texts between Strzok and Page -- will have the effect of pouring 20 gallons or so of lighter fluid on the fire that is already burning in Trumpworld over the Strzok-Page texts. Chris Cillizza, CNN, "How 7 words in the 500-page IG report will give Donald Trump all the 'deep state' ammo he wanted," 14 June 2018

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.

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First Known Use of tranche

1893, in the meaning defined above

History and Etymology for tranche

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

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

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Dictionary Entries near tranche





tranche de vie



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Last Updated

5 Oct 2018

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The first known use of tranche was in 1893

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\ˈträⁿsh \

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

Comments on tranche

What made you want to look up tranche? Please tell us where you read or heard it (including the quote, if possible).


to reject or criticize sharply

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