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[word-lover] 【整理】2016-05-06 How to Use a Word

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[Homework]2016-05-06 How to Use a Word

Today's word is tranche, spelled T-R-A-N-C-H-E.

Tranche is a noun that means a division or portion of a pool or whole. Here is the word used in a sentence by Allison Bisbey from The American Banker.

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.

In French, tranche means slice. Cutting deeper into the word's etymology, we find the Old French word trancer, meaning to cut. Tranche entered the English language in the late 19th century to describe financial appropriations. Today, it is often used specifically of an issue of bonds that is differentiated from other issues by such factors as maturity or rate of return. Another use of the French word tranche is in the French phrase une tranche de vie, meaning a cross section of life. That phrase was coined by the dramatist Jean Jullien who advocated naturalism in the theater.

I'm Peter Sokolowski with your Word of the Day.

This post was generated by put listening repetition system,  Check the original dictation thread!
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