(In a hotel or restaurant) a common fund into which tips and service charges are paid for distribution to the staff.
More example sentences
- The main target and focus for the Revenue may have changed, but troncs are still very much on the radar.
- Last year the Revenue lost a long-running court battle regarding troncs and National Insurance contributions.
- He explores the tax treatment of tips and troncs for restaurants and other hospitality businesses.
1920s: from French, literally 'collecting box'.