specifically: an issue of bonds derived from a pooling of like obligations (such as securitized mortgage debt) that is differentiated from other issues especially by maturity or rate of return
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Finance and Tranche
In French, tranche means "slice." Cutting deeper into the word's etymology, we find the Old French word trancer, meaning "to cut." Tranche emerged in the English language in the late 19th century to describe financial appropriations. Today, it is often used specifically of an issue of bonds that is differentiated from other issues by such factors as maturity or rate of return. Another use of the French word tranche is in the French phrase une tranche de vie, meaning "a cross section of life." That phrase was coined by the dramatist Jean Jullien (1854-1919), who advocated naturalism in the theater.
Example Sentences
Recent Examples on the WebIn 2021, Congress distributed one final tranche of $285 billion in PPP loans only to firms that had seen their revenues fall—an example of the kind of targeting that the NBER paper recommends. Samanth Subramanian, Quartz, 19 Jan. 2022 On Monday, the Department of Defense released yet another tranche of military aid to Ukraine. Kyle Mizokami, Popular Mechanics, 29 July 2022 The White House already had urged Congress repeatedly to approve another tranche of aid targeting covid-19. Dan Diamond And Tony Romm, Anchorage Daily News, 27 July 2022 The round is a second tranche of the $358,888,888 fundraising announced in January, which was extended for due diligence purposes. Zinnia Lee, Forbes, 12 July 2022 Ukraine is set to receive another tranche of aid from the U.S. after President Biden on Saturday signed a nearly $40 billion package of financial and military support. Vivian Salama, WSJ, 21 May 2022 Last week, President Biden announced another tranche of $800 million worth of military aid to Ukraine, including heavy artillery and advanced drones.Washington Post, 26 Apr. 2022 The much-touted purchase was the latest tranche in trillions of dollars in public spending in response to the pandemic.al, 14 Feb. 2022 In August, after exiting bankruptcy, Hertz paid out another tranche of retention bonuses. Michael Hiltzik, Los Angeles Times, 13 Dec. 2021 See More
Word History
Etymology
French, literally, slice, from Old French, from trenchier, trancher to cut — more at trench