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tranche

[trahnch, trahnsh; French trahnsh]
noun
  1. 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.
  2. any part, division, or installment: We’ve hired the first tranche of researchers.
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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.
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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

British Dictionary definitions for tranched

tranche

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

tranche

n.

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

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Online Etymology Dictionary, © 2010 Douglas Harper