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 tigerish Leicester flanker believes England must look to express themselves if they are to bounce back against an Argentina side that has also been hit by injuries.
Although the tigerish Bellamy had a quiet afternoon, he was not going to spurn the chance offered six minutes into the second half when Emanuel Pogatetz failed to close him down, rifling a shot into the corner.
The tigerish midfielder made it 2-1 with a shot which looped off home defender Dennis Souza to give keeper Heinz Muller no chance.
While penalty hero Mark Schwarzer and goalscorer Jimmy Floyd Hasselbaink will rightly receive the lion's share of the plaudits, huge credit must also go to the rest of the players, particularly the brave backline and tigerish tacklers George Boateng and Doriva in central midfield.
In each room a couple is enmeshed in a tigerish confrontation across a bare table.
Albion's head coach was reportedly interested in the tigerish 25-year-old last summer.
Goals from Gary O'Leary and James Crean's penalty set a tigerish Kingdom up for a possible upset in the first half.
But if the owners really do want to be tigerish, they will make sure Bruce is today armed with enough money to search for that last-minute striking deal.
Sheffield hit back through stand-off Dane McDonald, who forced his way over from dummy half on 12 minutes, and their tigerish defence kept their opponents at bay for the next half-hour before cracking in a crucial three-minute spell either side of the interval.
A powerful pack, tigerish tackling and accurate kicking were hallmarks of South Africa's two World Cup triumphs and 1999 run to the semis, but don't be deceived into thinking that the Boks dislike running rugby.
Liverpool's Lucas Leiva topped the tacklers with 172, ahead of tigerish Welsh midfielder David Vaughan, for Blackpool.
He has great energy, is a tigerish midfielder and is naturally fit.