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 ?
The hottest part of the entire tiger stripe system was found to be part of the fracture called Damascus Sulcus.
There appears to be a continual supply of fresh, crystalline ice at the tiger stripes, which could have been very recently resurfaced," said Dr.
According to John Spencer, a composite infrared spectrometer team member, "The huge amount of heat pouring out of the tiger stripe fractures may be enough to melt the ice underground.
Due to a high melt flow rate, Exxtral polyolefins offer a broad operating window and produce good surface appearance, without flow marks or tiger stripes, according to the company.
Children attending a face-painting workshop at the National Trust's Gibside estate, near Rowlands Gill, Gateshead, enjoyed a makeover with butterfly wings and tiger stripes.
The paint boasts excellent hang-up and wet-edge but no tiger stripes or pinning.
You can now go for tiger stripes, zebra prints or leopard spots in an infinite array of dazzling gold jewellery creations that allow jewellery lovers to indulge themselves with little worry about the effect on their budget.
New this year are exciting colors such as blood orange, azur, platinum and tiger stripes, along with innovative shapes for pumps and boots.
Named for the South Park TV show character of the same name, Butters wore a purple coat with black tiger stripes as he readied himself for Tuesday's "Puppy Show" for whippets ages 6 month to 18 months.
It is dark brown-red with green tiger stripes and the inside is a deep red colour.
And let us not forget the tiger stripes of the '92-93 season at Hull City.
Other curtain fabrics featured chocolate floral devore prints and kitsch hand-painted tiger stripes and python-skin designs.