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A dotard is a person in his dotage, that is, a state of second childhood brought on by old age. A dotard has regressed to a childlike level of mentality and behavior due to a decline in his cognitive powers. The organic deterioration of his brain has made him cease to be an adult.
(August 2010). In structured finance, a tranche is one of a number of related securities offered as part of the same transaction. The word tranche is French for slice, section, series, or portion, and is cognate to English trench ('ditch').