Tranche

Pronunciation

• US IPA: /tɹæntʃ/
• RP IPA: /trɑːnʃ/

Origin

Borrowing from fr {{2}} tranche, form of trancher ("to cut, to slice"), from Old French trenchier ("cut, make a cut"). Cognate to English trench.

Full definition of tranche

Noun

1. A slice, section or portion.
2. (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.

Related terms

• trench
• traunch

Anagrams

• chanter