noun

tranche

transh

Tranche (noun) means one portion of a larger sum of money, loan or investment, released or issued separately from the rest. Example: “The second tranche of funding is released once planning permission is granted.”

noun

One portion of a larger sum of money, loan or investment, released or issued separately from the rest.

"The second tranche of funding is released once planning permission is granted."

"Investors in the junior tranche take the first losses."

Any distinct batch or group within a larger set.

"A fresh tranche of documents was published this morning."

"The first tranche of students graduates in June."

How to Use Tranche

Learner’s notes

In plain EnglishOne chunk of a larger amount, handed over or dealt with separately.

When to use it

Formal and chiefly financial, journalistic and governmental. Pronounced the French way, with a soft ending; the plural is tranches.

Memory tip

Tranches of a loan can differ in risk and priority, not just in timing — a senior tranche is repaid before a junior one.

Trace the full origin ↓

Easily confused with

trench → instalment → tier →

Common pairings

the first tranche a tranche of funding senior tranche tranche of documents

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Fill the Gap

Can you complete this real example?

The second _____ of funding is released once planning permission is granted.

Etymology

From French tranche 'a slice', from trancher 'to cut'.

Origin: French

Synonyms

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instalment portion slice allocation batch block group wave

Related Words

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Rhymes for tranche

Blanche Comanche avalanche

See all rhymes for tranche →

Frequently Asked Questions

What is the difference between a tranche and an instalment?

An instalment is one of a series of payments spread over time, and the parts are usually alike. A tranche is a slice of a whole that may differ from the other slices in risk, interest rate or repayment priority as well as in timing, which is why the term is standard in structured finance.

How do you pronounce tranche?

It is said 'transh', keeping the French sound, with the final e silent. It is not pronounced like trench or tranch-ee.

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