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 ?
Sure, the players are not as gifted as in the Premier League, but they are still dedicated pros who fight tigerishly, run until they drop, and close down space in an instant.
Fowler was the architect, tigerishly winning the ball in his own half and quickly releasing Naismith.
Midfielder Peltier was the pick of the bunch however, tackling tigerishly and using the ball intelligently as well as coming closest to scoring.
RYAN GIGGS Given the freedom to roam by John Toshack the United ace rose to the occasion magnificently as he wandered from wing to wing and tackled back tigerishly in a true captain's display
Gary Speed and Robbie Savage both fought tigerishly in midfield and slowly Wales gained the upper hand.
Most importantly, Honeyman matched the industry of Didier Ndong, who tackled tigerishly and showed ingenuity as he looked to pick Defoe out with his head and feet.
The home side treated new boss Danny Wilson to as much commitment as he could possibly have asked for and, having taken the lead with an outstanding setpiece goal, they defended tigerishly to protect it until the 88th minute.
They out-passed a team renowned for their passing, closed them down tigerishly, created chances and took a deserved lead when Lee Novak netted a glancing header from Paul Caddis's superb cross.
They worked tigerishly against Ghana but the point that they picked up owed more to their opponents' lack of invention than to their own efforts.
Ponty had not lost at home for nearly two years - and that to Cardiff on December 29, 2007 - and they fought tigerishly to protect that record only to run out of steam in an exciting finale.
He latched onto a loose ball 40 yards out after Kevin Doyle had tigerishly won the ball from Gavin McCann.