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 ?
Keeper Paul Kybett said: "We are simply over the moon about the birth of the tiger cub.
Tosca won more money, while Tiger Cub only won a class 5 handicap, but his victory was almost more important because it was for a client and if we want to get more people on board, success like that is important.
One of the three Sumatran tiger cubs making its first public appearance at Chester Zoo yesterday Picture: LUCY RAY
Devendra Phadnavis, a BJP MLA, had also entered the cage where the three tiger cubs are kept.
Sarvan, who was admitted in a vet facility inside the zoo in a critical state, is the lone surviving of the six white tiger cubs born in the zoo in January this year.
May 3, 2013 /PRNewswire/ -- Threeendangered Malayan tiger cubs, two males and one female, were born at Busch Gardens Tampa Sunday, March 31.
Bokaro (Jharkhand), April 28 ( ANI ): A year-old white tiger cub has died mysteriously at the Jawaharlal Nehru Zoologocal Park here.
Reports indicate that rare tiger cub was the the first tiger born at the San Francisco Zoo since 2008, when Leanne delivered a litter of three males.
Buoyed by the success, the qualified vet, who is renting boxes at Frankland Lodge Stables, is now looking forward to opening her domestic campaign with Tiger Cub, for whom she has engaged Mickael Barzalona in the 6f Lingfield Marriott Hotel & Country Club Handicap.
A ZOO is celebrating the birth of its first tiger cub in more than two decades.
He joined Scouts as a Tiger Cub at the age of 6, received the Arrow of Light, earned 30 merit badges, was inducted into the Order of the Arrow and held several leadership positions.
Broken Tail was born, an adorable tiger cub with an even wore adorable bent tail, in a tiger preserve, one of the safest places for big cats in India.