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 EU having the power to prevent sovereign countries' ability to invest in their own businesses and thus promote innovation, skills and technology cripples our competitive advantage over the new, emerging Tiger economies.
He also discusses why China's growth differs from that of Japan and other Asian tiger economies.
'Places like Munich and Milan are the tiger economies of their nations.
Of all the Asian markets - known as "tiger economies" - China looks set to roar the loudest.
Mr Bell, formerly head of Newcastle's education authority, described the teaching of the past as "eccentric" and "soft-centred", which he said was partially responsible for the emergence of Tiger economies in Asia.
It was so-called because its huge growth mirrored the rapidly-expanding Asian Tiger economies of the far east.
We were shown the growing riches of the eastern world, the results of the success of the tiger economies.