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 ?
Apani's Intel VPN client for Mac version requires a Macintosh computer (Intel or Power Mac G4 or G5) running Mac OS X Tiger 10.
Leading organizations such as Virginia Tech, number 20 on the most recent TOP500 list of the world's fastest supercomputers, are reaping the benefits of SilverStorm's InfiniBand offering for Mac OS X Tiger Server.
With the release of Pro Tools 7, we're thrilled to see Digidesign take advantage of the innovation in Mac OS X Tiger and Power Mac G5 to deliver exceptional performance for music creation and all types of audio production.
LightZone for Mac OS X Tiger photo editing software was publicly previewed for the first time at DEMOfall 2005.
We're excited to make VideoImpression 2 available for Mac OS X Tiger," said Michael Downs, Vice President, DVD & Video Group.