tranche

[trahnch, trahnsh; French trahnsh]

noun

Finance.
1. one part or division of a larger unit, as of an asset pool or investment: The loan will be repaid in three tranches.
2. 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.
any part, division, or installment: We’ve hired the first tranche of researchers.

verb (used with object), tranched, tranch·ing.

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

1930–35; < French: literally, ‘a slice’ < Old French, <trenchier, trancher ‘to cut’; see trench

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for tranche

Contemporary Examples of tranche

The oligarch tried to clarify things on his Facebook page: “The first $10,000 tranche is finished,” he said.
Ukraine’s Billionaire Bounty-Hunting Club
Oleg Shynkarenko
April 19, 2014
The tranche was recently acquired by the Harry Ransom Center, where I work.
Letter Writing in the Digital Age: Emails and Correspondence of Russell Banks & Others
Megan Barnard
October 11, 2012

Historical Examples of tranche

From the word "Tranche" it might be supposed that it was a relic of the Great War.
Verdun Argonne-Metz 1914-1918
Anonymous
The 'chose vue,' the 'tranche de la vie'—this was the thing to aim at.
And Even Now
Max Beerbohm
The first tranche is available to any country, which demonstrates efforts to overcome its BOP problems.
After the Rain
Sam Vaknin
A country can draw no more than 25% of its quota in the first tranche of a loan that it receives from the IMF.
After the Rain
Sam Vaknin
The front cut the "tranche de Calonne" a little to the south-west of Saint-Rmy.
Verdun Argonne-Metz 1914-1918
Anonymous

British Dictionary definitions for tranche

tranche

noun

a portion or instalment, esp of a loan or share issue

Word Origin for tranche

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

Word Origin and History for tranche

c.1500, from French tranche, from trancher, trencher "to cut" (see trench). Economic sense is from 1930.