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tronc

British  
/ trɒŋk /

noun

  1. a pool into which waiters, waitresses, hotel workers, etc, pay their tips and into which some managements pay service charges for later distribution to staff by a tronc master , according to agreed percentages

"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

Etymology

Origin of tronc

C20: from French: collecting box

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

A company source confirmed that tronc had been considering a name change “for a few weeks” but that the final decision had not yet been taken.

From The Guardian • Jun. 18, 2018

They operate a tronc system for tips, which isn’t transparent and doesn’t add up.

From The Guardian • Mar. 18, 2017

If you can store old newspapers in a trunk, then why not store an old newspaper company in a tronc?

From US News • Jun. 6, 2016

Tribune Publishing, the parent of venerable media institutions such as Chicago Tribune and Los Angeles Times, is changing its name – to tronc.

From US News • Jun. 6, 2016

De chasque part ot uns grant tronc Où l'espée estoit cloffichiée.

From A Short History of French Literature by Saintsbury, George