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 ?
returned the Hungry Tiger, licking his lips with his long red tongue.
I think you are a very good tiger," said Dorothy, patting the huge head of the beast.
Yet for one night in the year the Hairless One fears the Tiger, as Tha promised, and never has the Tiger given him cause to be less afraid.
Sometimes it falls in the dry summer and sometimes in the wet rains--this one Night of the Tiger.
The biggest of the tigers came up to the Lion and bowed, saying:
I knew that it was practically beyond reason to imagine that tigers had crossed the mountain ranges and rivers and all the great continent of Europe to travel this far from their native lairs, and entirely impossible that they should have crossed the English Channel at all.
The country was apparently infested by these huge Carnivora, for after three other attempts to land and cook our food we were forced to abandon the idea entirely, as each time we were driven off by hunting tigers.
All its efforts to rid itself of the tiger seemed futile, until in desperation it threw itself upon the ground, rolling over and over.
Now I've got him afraid of me, and the rest ought to be easy," he announced, resting off and panting hard from his exertions, while the great tiger crouched and quivered and shrank back from him against the base of the arena-bars.
The Tiger seemed to smile, and winked one eye slowly.
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.
Out of your wild cats must tigers have evolved, and out of your poison- toads, crocodiles: for the good hunter shall have a good hunt!