Tranche Definition

träɴsh
tranches
noun
A portion of a total, especially of a block of assets such as cash or securities.
The riskiest tranche of the bond offering; money delivered in two tranches.
American Heritage
A portion, share, installment, etc.
The final tranche of the loan.
Webster's New World
A cut or slice of meat.
A tranche of sirloin.
American Heritage

(finance) One of a set of classes or risk maturities which comprise 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.

Wiktionary

Other Word Forms of Tranche

Noun

Singular:
tranche
Plural:
tranches

Origin of Tranche

  • Borrowing from French tranche, form of trancher (“to cut, to slice"), from Old French trenchier (“cut, make a cut"). Cognate to English trench.

    From Wiktionary

  • French slice, tranche from Old French trenche slice from trenchier to slice, cut trench

    From American Heritage Dictionary of the English Language, 5th Edition

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