tranche

See also: Tranche and tranché

English

Etymology

Borrowed 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”). Cognate to English trench.

Pronunciation

• (US) IPA^(key): /tɹɑ̃ʃ/, /tɹɑ̃nʃ/, /tɹɑ̃ntʃ/, /tɹæntʃ/
• (Received Pronunciation) IPA^(key): /tɹɑ̃ʃ/, /tɹɑːnʃ/

• Audio (Southern England)

  (file)

  IPA^(key): /tɹɑːnʃ/

Noun

tranche (plural tranches)

1. A slice, section or portion.
   • 1893, P. Fitzgerald, Stonyhurst Memories, in The Month: An Illustrated Magazine of Literature, Science and Art, pages 336-337:

     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. (insurance) A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
3. (pensions) A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
4. (finance) 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

tranche (third-person singular simple present tranches, present participle tranching, simple past and past participle tranched)

1. (finance, transitive) To divide into tranches.

Related terms

• trench
• traunch

Translations

slice — see slice

finance

• Bulgarian: транш m (tranš)
• Chinese:

  Mandarin: 份額 (zh), 份额 (zh) (fèn'é)

• Czech: tranše f
• Finnish: erä (fi)
• French: tranche (fr) f, tranche de crédit f
• German: Tranche (de) f
• Italian: tranche (it)

• Japanese: トランシェ (toranshe)
• Persian: قسط‎ (fa) (qest)
• Polish: transza f
• Portuguese: tranche f
• Russian: транш (ru) m (tranš)
• Spanish: tramo (es) m
• Turkish: tranş (tr), dilim (tr)

Further reading

• “tranche” in Dictionary.com Unabridged, Dictionary.com, LLC, 1995–present.
• Investor Words

Anagrams

• chanter

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French

Pronunciation

• IPA^(key): /tʁɑ̃ʃ/

• audio

  (file)

Noun

tranche f (plural tranches)

1. slice
2. milling on a coin
3. period

Derived terms

• tranche d'âge
• tranche de vie

Verb

tranche

1. first-person singular present indicative of trancher
2. third-person singular present indicative of trancher
3. first-person singular present subjunctive of trancher
4. third-person singular present subjunctive of trancher
5. second-person singular imperative of trancher

Further reading

• “tranche” in Trésor de la langue française informatisé (The Digitized Treasury of the French Language).

Anagrams

• chanter, chantre

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Norman

Etymology

(This etymology is missing or incomplete. Please add to it, or discuss it at the Etymology scriptorium.)

Noun

tranche f (plural tranches)

1. (Jersey) slice