: a division or portion of a pool or whole
specifically : an issue of bonds derived from a pooling of like obligations (such as securitized mortgage debt) that is differentiated from other issues especially by maturity or rate of return

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Finance and Tranche

In French, tranche means "slice." Cutting deeper into the word's etymology, we find the Old French word trancer, meaning "to cut." Tranche emerged in the English language in the late 19th century to describe financial appropriations. Today, it is often used specifically of an issue of bonds that is differentiated from other issues by such factors as maturity or rate of return. Another use of the French word tranche is in the French phrase une tranche de vie, meaning "a cross section of life." That phrase was coined by the dramatist Jean Jullien (1854-1919), who advocated naturalism in the theater.

Examples of tranche in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The company completed a public offering in July 2023, raising net proceeds of $121.9 million, and also secured a $30.0 million tranche from a term loan facility with K2 HealthVentures LLC. Quartz Intelligence Newsroom, Quartz, 27 Mar. 2025 Trump has left in place a 20-percent tariff on Chinese imports, leading China to retaliate with two tranches of tariffs on U.S. energy products, farm equipment and other goods. Tobias Burns, The Hill, 13 Mar. 2025 How Russia won In January, the Biden administration sent its 74th and final tranche of military support, $500 million worth of equipment, to Ukraine. Dominic Green, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 21 Feb. 2025 In a social media post on Wednesday, EPA Administrator Lee Zeldin called for the termination of financial agreements supporting an additional tranche of funding approved under a section of the IRA called the Greenhouse Gas Reduction Fund. Josh Hammer, Newsweek, 15 Feb. 2025 See All Example Sentences for tranche

Word History

Etymology

French, literally, slice, from Old French, from trenchier, trancher to cut — more at trench

First Known Use

1893, in the meaning defined above

Time Traveler
The first known use of tranche was in 1893

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Cite this Entry

“Tranche.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tranche. Accessed 20 Apr. 2025.

Legal Definition

tranche

noun
: a division or portion of a pool or whole: as
a
: an issue of bonds derived from a pooling of like obligations that is differentiated from other issues especially by maturity or rate of return
b
: a bond series issued for sale in a foreign country
Etymology

French, literally, slice, from Old French, from trenchier, trancher to cut

Last Updated: - Updated example sentences
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