# tranche

> English word · Noun · IPA /tɹɑ̃ʃ/ · frequency rank #55,820

## Definitions
1. A slice, section or portion.
2. A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
3. A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
4. One of a set of classes or risk maturities that compose 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.

## Etymology
Unadapted borrowing from French tranche, form of trancher (“to cut, to slice”), from Old French trenchier (“cut, make a cut”), possibly from Vulgar Latin *trinicāre (“cut in three parts”). Doublet of traunch and trench.

## Source
Compiled from Wiktionary via kaikki.org (CC BY-SA). Data vintage: 2026-05-06.
Canonical page: https://plainspell.com/en/word/tranche