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Tranche
//tɹɑ̃ʃ// noun, verb
Definitions
Noun
- 1 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."
- 2 a portion of something (especially money) wordnet
- 3 A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
- 4 A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
- 5 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
- 1 To divide into tranches. transitive
Etymology
Etymology 1
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.
Etymology 2
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.
See also for "tranche"
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