Tranche

//tɹɑ̃ʃ// noun, verb

Definitions

Noun
  1. 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. 2
    a portion of something (especially money) wordnet
  3. 3
    A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
  4. 4
    A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
  5. 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. 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.

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