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 Tiger Moth was eventually succeeded and replaced by the de Havilland Chipmunk in the early 1950s and both aircraft can now be viewed alongside each other in Hangar 1 at Cosford, positioned next to the Scottish Aviation Bulldog T Mk 1.
Over the years he has flown a great deal and once took the controls of a Cessna light aircraft but it's been a while since he's been in a Tiger Moth.
The ruby tiger moth has also seen numbers increase, by 296% over the past 40 years, Butterfly Conservation said.
New Zealand resident David Bruce took a flight in a Tiger Moth to celebrate his 80th birthday, after taking a 40-year break from flying.
But this is also a man who ran away from home at the age of 14, to avoid being sent to Rugby school, made his way by tramp steamer to Australia, and later earned a fortune in the gold mines of South Africa, before spending eight days flying a Tiger Moth solo to England, so that he could take part in the war.
One day it will make a cocoon and change into a tiger moth.
Royal Mail flew a vintage Tiger Moth - carrying a symbolic bag of mail - from Headcorn Airfield in Kent to Le Touquet in France as part of Royal Mails celebration of 500 years of postal services The event recreated a proving flight that was made by the Aircraft Transport and Travel airline in 1919.
The retired headteacher climbed into the cockpit of a Tiger Moth - just as he did in 1942 - as part of a ceremonial flypast for the Queen's 90th birthday over the weekend.
Alan, a part-time pilot from Holmfirth, runs Tiger Moth Experience, who offer flying enthusiasts the chance to take to the skies in vintage Tiger Moth biplanes with profits going to the charity.
Entertainment included the Royal Signals Motorcycle Display Team and a Tiger Moth fly-past.
Coventry Sports Foundation edged out Hearsall Inn 3-2 while Finham Park Alvis clipped New Tiger Moth 3-1 - Luke Sanders, Ciaran Crowley and Clinton Studley getting the drop on Daniel Pidgeon.
Weather permitting, a veteran RAF 1940 Tiger Moth biplane will also perform a fly by over Grosmont station at 1pm on Saturday and Sunday.