tranche

[ trahnch, trahnsh; French trahnsh ]
/ trɑntʃ, trɑ̃ʃ; French trɑ̃ʃ /

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. 2019

British Dictionary definitions for tranched

tranche

/ (trɑːnʃ) /

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