| Wed. Chat 03-27-2013 |
Subject: Wed. Chat 03-27-2013 by captmike13 on 2013/3/27 10:16:35 Good morning gang. Not much to report. Lets all try to have a good day. Word of the Day Wednesday, March 27, 2013. tranche\ trahnch, trahnsh \, noun; 1. any part, division, or installment: We've hired the first tranche of researchers. 2. Finance. a. one part or division of a larger unit, as of an asset pool or investment: The loan will be repaid in three tranches. b. a group of securities that share a certain characteristic and form part of a larger offering: The second tranche of the bond issue has a five-year maturity. verb: 1. Finance. to divide into parts: tranched debt; A credit portfolio can be tranched into a variety of components that are then further subdivided. Origin: Tranche unsurprisingly shares a root with trench . Both words come from the Old French trenchier meaning "to cut." While this term first entered English in the sixteenth century, it was 450 years before tranche took on its financial senses. |
