tranche
noun
No English definition recorded for this entry.
L329520 on Wikidata ↗Wiktionary
Pronunciation: /tɹɑ̃ʃ/ / /tɹɑ̃nʃ/ / /tɹɑ̃nt͡ʃ/
noun
Etymology: Unadapted borrowing from French tranche, form of trancher (“to cut, to slice”), from Old French trenchier (“cut, make a cut”), possibly from Vulgar Latin *trinicāre (“cut in three parts”). Doublet of traunch and trench.
- A slice, section or portion.
“Servants, carrying huge baskets suspended before them in which were huge tranches of bread, speedily distributed the contents; and they were followed by others bearing huge cans of milk, hot and cold.”
“Habeck said he was planning to announce a first tranche of climate protection measures by Easter, and a second by the end of the summer, to come into force by 2023.”
- A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
- A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
- One of a set of classes or risk maturities that compose a multiple-class security, such as a CMO or REMIC; a class of bonds. Collateralized mortgage obligations are structured with several tranches of bonds that have various maturities.
verb
Etymology: Unadapted borrowing from French tranche, form of trancher (“to cut, to slice”), from Old French trenchier (“cut, make a cut”), possibly from Vulgar Latin *trinicāre (“cut in three parts”). Doublet of traunch and trench.
- To divide into tranches.