Treasury Investment Growth Receipt

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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 ?
The ratios of peak values, declines, and delayed peaks for the TNGT, TIGR, and TDM groups were 6.
Within minutes, the battalion intelligence officer (S-2) used TIGR to retrieve the initial SPOT [situation, position, observation, troops and terrain] report from the maneuver unit and provide the battalion operations officer with analysis on the best route to take to the recovery location.
Film and Television: In 1998, the year TIGR was launched, Hawaii's film-TV industry had revenues (direct expenditures) of $99 million.
To handle the complex genome reassembly process, the team at TIGR developed a software program called the Assembler.
Over 250 invited TIGR correspondents, business, community, government leaders, media attended Second Annual TLGR Awards Banquet held Sept.
City Bank will host second annual TIGR awards presentation on Friday, Sept.
At the end of June, TIGR and its former partner, Human Genome Sciences (FIGS), also in Rockville, dissolved the relationship, and TIGR made public previously private information about the genetic content of 11 organisms.
In the area of glaucoma, the Company conducts genomic research using TIGR and other genes.
In the glaucoma area, the Company continues to focus genomic research on the TIGR gene, among other genes in its genomic portfolio.