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Friday 6 May 2016

Word of the Day: Tranche

Tranche

noun TRAHNSH


Definition

: a division or portion of a pool or whole

Examples

"JPMorgan Chase must retain 5% of each tranche, or class, of notes to be issued by the trust…. The bank must also comply with disclosure and reporting requirements introduced for securitization…." — Allison Bisbey, The American Banker, 17 Mar. 2016

"The sale of a first tranche of shares to private investors via an initial public offering (IPO) … could start as soon as next year, with the eventual aim of being big enough to potentially buy some of the world's largest companies…." — Terry Macalister, The Guardian, 1 Apr. 2016

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