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 ?
Asian tiger economies are forecast accounting for 45% of the 39 million bpd of growth to 2020.
The traditional tiger economies, characterised by economic growth, free market environment, developed industry and investment in health and health infrastructure have had a long haul back from the financial instability and economic downturn in the 1990's.
The EU having the power to prevent sovereign countries' ability to invest in their own businesses and thus promote innovation, skills and technology cripples our competitive advantage over the new, emerging Tiger economies.
He also discusses why China's growth differs from that of Japan and other Asian tiger economies.
Mr Bell, formerly head of Newcastle's education authority, described the teaching of the past as "eccentric" and "soft-centred", which he said was partially responsible for the emergence of Tiger economies in Asia.
We were shown the growing riches of the eastern world, the results of the success of the tiger economies.