Meaning of “tranchette” in the English Dictionary


"tranchette" in Business English

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tranchettenoun [ C ]

uk /trɑːnʃˈet/ us

FINANCE, STOCK MARKET a small number of shares that is sold in addition to a much larger number that has already been made available for sale:

The bids received were 2.28 times the amount of stock on offer, so the bank announced the issue of three new tranchettes of tap stock.

(Definition of “tranchette” from the Cambridge Business English Dictionary © Cambridge University Press)