An example of tranche is paying the IRS on a quarterly basis.
Origin of trancheFr, literally , a slice a portion, share, installment, etc.: the final tranche of the loan
- 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.
- A cut or slice of meat: a tranche of sirloin.
Origin of trancheFrench, slice, tranche, from Old French trenche, slice, from trenchier, to slice, cut; see trench.
tranche - Investment & Finance Definition
A separate section of an overall bond or investment offering. For example, a $4 billion bond offering may have four tranches, each sold in a different currency, such as the U.S. dollar, Japanese yen, euro, and British pound. Each currency offering represents one tranche of the overall issue.