TIGER

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TIGER

Treasury Investment Growth Receipt

A Treasury security whose coupons have been stripped by Merrill Lynch. TIGRs therefore pay no interest. They are sold at a significant discount from par and mature at par. TIGRs fluctuate in price, sometimes dramatically, because changes in interest rates have made them more or less desirable. TIGRs can be invested IRAs and other pension accounts; they are also exempt from state and local taxes. They were originally issued between 1982 and 1986, becoming more-or-less obsolete when the U.S. Treasury began issuing its own stripped bonds. They still exist, but are fairly uncommon investments. See also: zero-coupon bonds, STRIPS.

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References in periodicals archive ?
Support for Apple's Mac OS X Tiger, IBM AIX 5L, HP-UX, Sun Solaris, Debian, Red Hat Enterprise Linux, Novell SUSE Linux, and VMware is included in the DirectControl Suite.
Now with the improved quality of workflow using Xcode and Mac OS X Tiger, the Power PC really becomes the best of breed game development platform for everyone, especially Torque developers.
Tiger Server's iChat server works with Apple's popular iChat conferencing software in Mac OS X Tiger and is compatible with open source Jabber clients available on Windows, Linux and popular PDAs.
Leading organizations such as Virginia Tech, number 20 on the most recent TOP500 list of the world's fastest supercomputers, are reaping the benefits of SilverStorm's InfiniBand offering for Mac OS X Tiger Server.
With the release of Pro Tools 7, we're thrilled to see Digidesign take advantage of the innovation in Mac OS X Tiger and Power Mac G5 to deliver exceptional performance for music creation and all types of audio production.
LightZone for Mac OS X Tiger photo editing software was publicly previewed for the first time at DEMOfall 2005.
We're excited to make VideoImpression 2 available for Mac OS X Tiger," said Michael Downs, Vice President, DVD & Video Group.