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 ?
Places like Munich and Milan are the tiger economies of their nations.
team to introduce a mutual fund focusing exclusively on the Tiger economies.
We were shown the growing riches of the eastern world, the results of the success of the tiger economies.
Does the growth of the Indian and Chinese tiger economies pose a threat to Wales?
This is now seen as paternalistic, although perhaps not unsurprisingly the tiger economies of the Far East, and many of them still remain tiger economies, follow exactly that procedure.
These are the tiger economies in Southeast Asia, characterized by the growing importance of their manufacturing industry, producing labor intensive to medium skill products, the decline in importance of agriculture and a growing service sector," says Chan.