tranche

[ trahnch, trahnsh; French trahnsh ]

noun
  1. Finance.

    • one part or division of a larger unit, as of an asset pool or investment: The loan will be repaid in three tranches.

    • a group of securities that share a certain characteristic and form part of a larger offering: The second tranche of the bond issue has a five-year maturity.

  2. any part, division, or installment: We’ve hired the first tranche of researchers.

verb (used with object),tranched, tranch·ing.
  1. Finance. to divide into parts: tranched debt;A credit portfolio can be tranched into a variety of components that are then further subdivided.

Origin of tranche

1
First recorded in 1930–35; from French: literally, “a slice,” from Old French trenchier, trancher “to cut”; see trench

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

British Dictionary definitions for tranche

tranche

/ (trɑːnʃ) /


noun
  1. a portion or instalment, esp of a loan or share issue

Origin of tranche

1
from French, literally: a slice

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012