tranche

== English == === Etymology === Unadapted borrowing 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”). Doublet of traunch and trench. === Pronunciation === (US) IPA(key): /tɹɑ̃ʃ/, /tɹɑ̃nʃ/, /tɹɑ̃nt͡ʃ/, /tɹænt͡ʃ/ (Received Pronunciation) IPA(key): /tɹɑ̃ʃ/, /tɹɑːnʃ/, /tɹɑːnt͡ʃ/ (General Australian) IPA(key): /tɹæːnt͡ʃ/ Rhymes: -ɑ̃ʃ, -ɑ̃nʃ, -ɑ̃ntʃ, -ɑːntʃ, -æntʃ, -ɑːnʃ === 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. ==== Related terms ==== trench traunch ==== Translations ==== === Further reading === “tranche”, in Dictionary.com Unabridged, Dictionary.com, LLC, 1995–present. Investor Words === Anagrams === rechant, Carthen, chanter == French == === Pronunciation === IPA(key): /tʁɑ̃ʃ/ === Noun === tranche f (plural tranches) slice milling on a coin period ==== Derived terms ==== tranche d'âge tranche de vie === Verb === tranche inflection of trancher: first/third-person singular present indicative/subjunctive second-person singular imperative === Further reading === “tranche”, in Trésor de la langue française informatisé [Digitized Treasury of the French Language], 2012 === Anagrams === chanter, chantre == Norman == === Etymology === (This etymology is missing or incomplete. Please add to it, or discuss it at the Etymology scriptorium.) === Noun === tranche f (plural tranches) (Jersey) slice