Tranche
/trɑːnʃ/noun
A portion or installment of something, especially a financial investment or loan.
Did you know?The financial sense developed from the idea of dividing a large loan or security issue into separate slices with different terms or risks.
Etymological Timeline
Proto-Indo-European
PIE
*tere-
“To rub, wear away, or cut; a proposed ancient root connected with separating material.”
Classical Latin
Latin
truncare
“To cut off, lop, or shorten.”
12th–13th Century
Old French
trenchi(er)
“To cut, slice, or divide by cutting.”
13th Century
Old French
tranche
“A slice or portion cut from something.”
18th Century
English
tranche
“A portion or slice, borrowed from French.”
20th Century
Modern English
tranche
“A distinct portion of a loan, investment, or larger financial issue.”