Tronc

Business, Legal & Accounting Glossary

Definition: Tronc


Quick Summary of Tronc


A monetary pool in which tips / gratuities are collected and later shared out between all staff, e.g. in a restaurant.



What is the dictionary definition of Tronc?

Dictionary Definition


A common fund into which tips and service charges are paid for distribution to the staff.


Full Definition of Tronc


A monetary pool in which tips / gratuities are collected and later shared out between all staff, e.g. in a restaurant.

The person who shares out the tips is called a ‘troncmaster’.

‘tronc’, from the French ‘tronc des pauvres’poor box


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Tronc. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 13, 2020 https://payrollheaven.com/define/tronc/.
Chicago Manual of Style (CMS):
Tronc. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/tronc/ (accessed: July 13, 2020).
American Psychological Association (APA):
Tronc. PayrollHeaven.com. Retrieved July 13, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/tronc/

Definition Sources


Definitions for Tronc are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 18th July, 2019 | 0 Views.