from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A slice, section or portion.
- n. 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.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a portion of something (especially money)
Borrowing from French tranche, form of trancher ("to cut, to slice"), from Old French trenchier ("cut, make a cut"). Cognate to English trench. (Wiktionary)