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Definition tranche
Etymology
Borrowed from French tranche, form of trancher (“to cut, to slice”), from Old French trenchier (“cut, make a cut”), possibly from Vulgar Latin *trinic?re (“cut in three parts”). Cognate to English trench.
Noun
tranche (plural tranches)
- A slice, section or portion.
- (insurance) A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
- (pensions) A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
- (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)
- (finance, transitive) To divide into tranches.
Results 471 Words with the letters TRANCHE
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You can also try words with the phrase TRANCHE, words starting with the letters TRANCHE, or words ending in the letters TRANCHE.
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