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 ?
If the owners want to be tigerish, they'll make sure Bruce is armed with money is
But following the restart, and some tigerish tackles from the excellent Alan Stubbs and Lee Carsley, the supporters raised the roof and the players raised their game immeasurably.
And playmaker Hartley believes the silky French simply couldn't cope with Scotland's tigerish tactics.
The Pitbull, as he is affectionately known within the game, was at his tigerish best in the first few minutes.
Stokesley created a flurry of chances against the strugglers but a combination of tigerish defending, good goalkeeping and some woeful finishing meant they failed to punish them, then after the break Nissan broke out and Tom Donkin fired home the only goal of the game.
And it was no more than Emley, inspired by a tigerish display by Max Joice, deserved after first-half chances had gone begging to Robert Pell and Muller on 15 minutes, with the goal seemingly at his mercy.
It came up two minutes before the end when tigerish loose-forward Schalk Burger powered his way over from close range to give the Boks another milestone under new coach Jake White.
But tigerish fielding and a disciplined effort from an inexperienced bowling attack made Pakistan struggle, despite a careerbest 69 at the top of the order from Mohammad Hafeez.
He broke up a string of attacks with his tigerish tackling but also looked a threat going forward when he set up two of the goals in England's 3-0 win.
The Foxes defended a marginally below par 145-6 thanks to some tight bowling and tigerish fielding.
Cattermole has been the subject of two failed bids from Sunderland and Arsenal, and Liverpool are also said to be interested in the tigerish England Under-21 international.