TIGER

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TIGER

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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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Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in classic literature ?
"I think you are a very good tiger," said Dorothy, patting the huge head of the beast.
Soon they came to the Cowardly Lion and the Hungry Tiger to whom the girl introduced the Yellow Hen.
Delcarte wanted to fetch the tiger's skin, but I had to deny him permission, since we had no means to properly cure it.
I saw that three rifles would be no match for them, and so I gave the word to put out from shore, hoping that the "tiger," as the ancients called him, could not swim.
And wrath, and ferocity, and intent to destroy, passed out utterly from the tiger's inflamed brain, until he knew fear, again and again, always fear and only fear, utter and abject fear, of this human mite who searched him with such pain.
Since he could not compel the tiger directly to sit in the chair, he must employ other means.
"He's a vegetarian," remarked the Tiger, as the horse began to munch the clover.
She hugged both the Lion and the Tiger with eager delight, but seemed to love the King of Beasts a little better than she did his hungry friend, having known him longer.
"The First of the Tigers said: 'He is here under my foot, and his back is broken.
He could not walk in all places; therefore he made the First of the Tigers the master and the judge of the Jungle, to whom the Jungle People should bring their disputes.
"We will do that gladly," returned the tiger; and all the other beasts roared with a mighty roar: "We will!"
Father Wolf listened, and below in the valley that ran down to a little river he heard the dry, angry, snarly, singsong whine of a tiger who has caught nothing and does not care if all the jungle knows it.