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 ?
SLAMMED Beyonce, Ivy and Jay Z watch the tiger cub being fed in Thailand
First we had Kangaroo Dundee, now we meet zoo-keeper Giles Clark who''s hand-rearing two Sumatran tiger cubs.
The Sumatran Tiger cubs were born in captivity at the Australia Zoo in Queensland and they are being hand-reared by Giles, a zookeeper and expert handler, at home with his wife and two kids.
Big cat expert Giles Clark introduces us to adorable Sumatran tiger cubs Spot and g Stripe as he rears them through the crucial early months of their lives at the Australia Zoo in Queensland.
HIDDEN cameras have captured the birth of three tiger cubs at London Zoo.
Tiger Cub is trained for the Helena Halling Racing Syndicate.
The Sumatran tiger cubs are three weeks old and the offspring of five-year-old mother Kirana and fouryear-old father Fabi.
Tim Rowlands, the zoo's curator of mammals, said: "Twenty-three years has been a long wait for tiger cubs but a very worthwhile wait.
Mumbai: Wildlife activists in Vidarbha are demanding action against Maharashtra's agriculture minister and others for entering a cage in a Nagpur zoo to play with tiger cubs.
It's a man-eater,'' Cherry chortled when he bid $3,000 to name a tiger cub.
But for the moment, she is still a child and her father sends her a special gift--a tiger cub.
I might prefer the images running as a counterpoint on the opposite wall: naked little children in a paradisiacal landscape, surrounded by balloons and playing with a tiger cub.