tranche

noun
\ ˈträⁿsh How to pronounce tranche (audio) \

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 The troubling statistics were released last week in a tranche of data from the Census Bureau. Author: Alyssa Fowers, William Wan, Anchorage Daily News, "A third of Americans now show signs of clinical anxiety or depression, Census Bureau finds," 27 May 2020 But McConnell, who hails from a state with one of the biggest pension crises on its books, blocked any state and local aid from being included in the tranche of money. Philip Elliott, Time, "'There Are Going to Be Layoffs.' State and Local Governments Brace for Cuts as Budget Crisis Looms," 23 Apr. 2020 After WikiLeaks published the first tranche of materials in March 2017, Mr. Schulte quickly became a suspect, court filings show. Rebecca Davis O’brien, WSJ, "Ex-CIA Employee Wrongly Blamed for Leak, Defense Argues," 4 Feb. 2020 Last month, the Trump administration announced another $16 billion in aid to farmers after a $12 billion tranche in 2018. BostonGlobe.com, "GE cleanup of Hudson River target of lawsuit," 22 Aug. 2019 The debt deal included seven tranches with maturities in the range of three to 40 years. Nathan Bomey, USA TODAY, "Boeing borrows $25 billion instead of pursuing federal bailout amid coronavirus, 737 Max crises," 1 May 2020 The program’s first $349 billion in funding ran out in 14 days, and the second tranche of $310 billion, approved last week, is on track to do the same. Philip Elliott, Time, "Why We Still Don't Know Which Businesses Are Getting Coronavirus Relief," 30 Apr. 2020 The second tranche of $103 million arrived late last week and will be distributed among 141 health care providers across the state. oregonlive, "Health care industry argues federal cash not enoough," 29 Apr. 2020 The findings suggest that credit risk on triple-A tranches of CLO deals may be understated by 26%, according to the University of Texas’ Mr. Griffin, who co-wrote the study. Paul J. Davies, WSJ, "Financial Engineering Made Risky Loans Seem Safe. Now They Face a Huge Test.," 20 Mar. 2020

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

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Time Traveler for tranche

Time Traveler

The first known use of tranche was in 1893

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Statistics for tranche

Last Updated

31 May 2020

Cite this Entry

“Tranche.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tranche. Accessed 3 Jun. 2020.

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More Definitions for tranche

tranche

noun
\ ˈträⁿsh How to pronounce tranche (audio) \

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

History and Etymology for tranche

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

Comments on tranche

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