It's the word of the day for March 15th.
Today's word is tranche, spelled T-R-A-N-C-H-E,
pronounced with a nasalized vowel as it would be in French.
Tranche is a noun.
It refers to a division or portion of a whole.
Here's the word used in a sentence from CBS News.
Congress approved an initial tranche of funding legislation in November,
as the longest shutdown in history came to an end.
In French, tranche means slice.
Cutting deeper into the word's etymology, we find the old French word tranchier, meaning to cut,
which has its likely origin in a Latin word meaning to cut in three,
from Latin trini, meaning three each.
Tranche emerged in the English language in the early 19th century to refer to a division or portion of a larger pool or hole and later developed a finance-specific meaning referring to an offering for sale of typically a set of bonds cut from a larger group of bonds,
the tranche being differentiated by such factors as maturity or rate of return.
With your word of the day, I'm Peter Sokolowski.
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