tranche
tranche
UK[trɑːnʃ]US[trænʃ]
n
a portion or slice of something, especially money or investments
n
one of a series of installments, especially of a loan or bond issue
Etymology
the word 'tranche' entered english in the early 20th century, directly from the french word meaning 'slice' or 'portion'. the french term itself derives from the old french 'trenchier', meaning 'to cut', which has its roots in the vulgar latin 'trinicare', a frequentative verb based on the latin 'truncare', meaning 'to cut off' or 'to maim'. the financial sense, now dominant in english, logically extends from the literal act of cutting a larger sum into smaller, manageable portions or installments. this semantic shift from a physical cut to a metaphorical division of capital illustrates a common pattern in economic terminology.
Analysis
this word is a loanword from french and is not productively segmented using english morphemes.
Examples
the first tranche of the international loan was disbursed last month.
the bond issue was released in several tranches over two years.
they decided to invest only in the senior tranche of the security.