troncn.
/trɒ̃//trɒŋk/ In hotels and restaurants, a common fund into which tips and service charges are paid for distribution to the staff. Also attributive.
ΘΚΠ
society > trade and finance > money > funds or pecuniary resources > [noun] > set apart for a purpose > for or subscribed by several parties
the common pursea1400
common1540
purse1602
stock-pursea1665
subscription1730
slush fund1839
kitty1887
tarpaulin muster1889
tronc1928
International Monetary Fund1944
society > trade and finance > fees and taxes > payment for labour or service > [noun] > tip > common fund of
tronc1928
1928 Observer 15 Jan. 6/1 The staff are paid on the tronc, or pooling system, whereby all tips are divided.
1960 Times 15 Jan. 9/3 The value of a point was set each week according to the amount in the tronc.
1964 Observer 13 Dec. (Colour Suppl.) 33/1 In all troncs (pooled tips, which the tronc head waiter distributes according to the number of points each waiter has) they declare an average figure to the Income Tax.
1976 Rhyl Jrnl. & Advertiser 9 Dec. 20 (advt.) Chef—Royal Lido, Prestatyn. Applications are invited for this permanent post at a salary in accordance with Miscellaneous grade 6..plus an annual supplement of £312 and a percentage of tronc.
1981 Times 11 June 14/6 The money was massaged by managements and distributed on their behalf to staff..or paid into an independent tronc fund.
This entry has not yet been fully updated (first published 1986; most recently modified version published online September 2018).
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n.1928