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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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References in periodicals archive ?
The post Outrage over Siberian tiger cub petted at Paphos Zoo appeared first on Cyprus Mail .
With less than 500 Sumatran tigers left in the wild, the birth of Kaitlyn's two cubs is hugely important for the breeding programme but survival rates for tiger cubs born in captivity isn't great, apparently.
"Tosca won more money, while Tiger Cub only won a class 5 handicap, but his victory was almost more important because it was for a client and if we want to get more people on board, success like that is important." Martin Stevens
One of the three Sumatran tiger cubs making its first public appearance at Chester Zoo yesterday Picture: LUCY RAY
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.
The tiger cub, Boots, has a twin, Brute, who is trained to fight gladiators in the Coliseum--a blood sport for the amusement of Caesar and the crowd.
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. These come from a different fiction factory, the East German film production of the '70s.
A tiger cub on Capitol Hill, an Earth Day fair at the Toledo Zoo, a parade of two-legged "animals" in Ann Arbor, Michigan--these are just some of the events NWF has helped organize recently to spotlight the world's endangered species.
Summary: Umaria (Madhya Pradesh) [India], Aug 1 (ANI): A tiger cub has been found dead in the forest adjoining the Bandhavgarh National Park, an official said on Wednesday.
The Flamingo Land Resort inNorth Yorkshireannounced the arrival of the Sumatran Tiger cub in August - and the cub has now started walking.
Thai wildlife authorities found 40 tiger cub carcasses in a freezer in Thailand's infamous Tiger Temple on Wednesday as they removed live animals in response to international pressure over suspected trafficking and abuse.
SUPERSTARS Beyonce and Jay Z have been criticised by an animal welfare charity for posing beside a tiger cub with daughter Blue Ivy.