different between tranche vs excerpt

English

Etymology

Borrowed from French tranche, form of trancher (“to cut, to slice”), from Old French trenchier (“cut, make a cut”), possibly from Vulgar Latin *trinic?re (“cut in three parts”). Cognate to English trench.

Pronunciation

• (US) IPA^(key): /t?ænt?/
• (Received Pronunciation) IPA^(key): /t???n?/

Noun

tranche (plural tranches)

1. A slice, section or portion.
2. (insurance) A distinct subdivision of a single policyholder's benefits, typically relating to separate premium increments.
3. (pensions) A pension scheme's or scheme member's benefits relating to distinct accrual periods with different rules.
4. (finance) 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.

Verb

tranche (third-person singular simple present tranches, present participle tranching, simple past and past participle tranched)

1. (finance, transitive) To divide into tranches.

Related terms

• trench
• traunch

Translations

Further reading

• “tranche” in Dictionary.com Unabridged, Dictionary.com, LLC, 1995–present.
• Investor Words

Anagrams

• chanter

French

Pronunciation

• IPA^(key): /t????/

Noun

tranche f (plural tranches)

1. slice
2. milling on a coin
3. period

Verb

tranche

1. first-person singular present indicative of trancher
2. third-person singular present indicative of trancher
3. first-person singular present subjunctive of trancher
4. third-person singular present subjunctive of trancher
5. second-person singular imperative of trancher

Further reading

• “tranche” in Trésor de la langue française informatisé (The Digitized Treasury of the French Language).

Anagrams

• chanter, chantre

Norman

Etymology

(This etymology is missing or incomplete. Please add to it, or discuss it at the Etymology scriptorium.)

Noun

tranche f (plural tranches)

1. (Jersey) slice

English

Etymology

From Latin excerptus, past participle of excerpere (“to pick out”), from ex (“out”) + carpere (“to pick, pluck”)

Pronunciation

• IPA^(key): /???z?(?)(p)t/, /???z?(?)(p)t/, /?k?s?(?)(p)t/, /??ks?(?)(p)t/

Noun

excerpt (plural excerpts)

1. A clip, snippet, passage or extract from a larger work such as a news article, a film, or a literary composition.

Translations

Verb

excerpt (third-person singular simple present excerpts, present participle excerpting, simple past and past participle excerpted)

1. (transitive) To select or copy sample material (excerpts) from a work.
   • 1655, Thomas Fuller, The History of Waltham Abbey

     out of which we have excerpted the following remarkable particulars

Translations

Further reading

• excerpt in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
• excerpt in The Century Dictionary, New York, N.Y.: The Century Co., 1911.