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 classic literature ?
It was the noise that bewilders woodcutters and gypsies sleeping in the open, and makes them run sometimes into the very mouth of the tiger.
If a hog, go join your fellow-swine in the sty; if a lion, a wolf, a tiger, go howl with the wild beasts on the lawn; if a fox, go exercise your craft in stealing poultry.
None but the Lame Tiger would so have boasted of his right at this season when--when we suffer together--Man and Jungle People alike.
which occasion several martyrs will be eaten by the tigers.
He was always a man of iron nerve, and the story is still told in India how he crawled down a drain after a wounded man-eating tiger.
And dreadfully tough," added the Hungry Tiger, in a sad voice.
The tiger was now upon the bull's broad back, clinging to the huge neck with powerful fangs while its long, strong talons ripped the heavy hide into shreds and ribbons.
He fled ignominiously before the little, two-legged creature who was more terrible than himself who was a full-grown Royal Bengal tiger.
Yes; it rules me like a tyrant," answered the Tiger, sorrowfully.
My good old friend did not relish meeting a man at dinner who was described as "half tiger, half monkey;" and the privilege of sitting next to Lady Clarinda rather daunted than delighted him.
Straight as a torpedo it rushed for Delcarte, and, as Taylor and I stumbled on through the tall grass toward our unfortunate comrade, we saw the tiger rear upon him and crush him to the earth.
At eleven o'clock the Rangoon rode out of Singapore harbour, and in a few hours the high mountains of Malacca, with their forests, inhabited by the most beautifully-furred tigers in the world, were lost to view.