tranche

noun

ˈträⁿsh 

: 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 trenchier, meaning “to cut,” which has its likely origin in a Latin word meaning “to cut in three,” from Latin trini meaning “three each.” Tranche emerged in the English language in the late 19th century to refer to a division or portion of a larger pool or whole, and later developed a finance-specific meaning referring to an offering for sale of typically a set of bonds “cut” from a larger group of bonds, the tranche being differentiated by such factors as maturity or rate of return.

Examples of tranche in a Sentence

Recent Examples on the Web

The Athletic’s calculations cover that primary $250million tranche of payments and find, just as in 2018 and 2022, Manchester City come out on top. — Chris Weatherspoon, New York Times, 21 July 2026

The White House also released four tranches of documents meant to support the speech, but Trump’s claims were a farrago of recycled information, misrepresentations of evidence, and tendentious claims based on materials too heavily redacted to parse. — David A. Graham, The Atlantic, 17 July 2026

Additional tranches of roughly 4% each are scheduled to be released beginning around Day 70 after the initial public offering, followed by further unlocks tied to performance milestones and third-quarter earnings, the firm said. — Yun Li, CNBC, 16 July 2026

The tranche of Triple Diamond machines by the Pyramid Cafe sit largely vacant, except for one woman waiting for friends and another player who's coming out slightly ahead. — James Powel, USA Today, 15 July 2026

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

Rhymes for tranche

• blanch
• branch
• cranch
• manche
• ranch
• stanch
• avalanche

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Legal Definition

tranche

noun

ˈträⁿsh 

: 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