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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.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In fact we made a desperate attempt to save the tigress", he said adding that the they had to fire in self defence as she had charged towards the team.
Tigress Financial Partners LLC is a specialized financial services firm providing expertise and services in investment banking, capital markets, research, asset management, global wealth management, corporate advisory and trade execution services.
They're different ages so probably some will like the baby pandas Tigress...
Tigress is one of the best characters I have played.
(2) Laparoscopic surgery is performed on the 2-year-old Bengal tigress.
totesport: 4-6 Ouija Board, 11-4 All To Beautiful, 4-1 Punctilious, 16-1 Hazarista, 25-1 Danelissima, 66-1 Royal Tigress, 200-1 Marinnette.
The 9 1/2-year-old Siberian tigress gave birth on April 27 to three Bengal tiger cubs, the world's first "big cats" produced through in vitro fertilization and embryo transfer.
Summary: Umaria (Madhya Pradesh) [India], Aug 8 (ANI): A 17-year-old tigress (T-23) passed away at Bandhavgarh National Park here late on Wednesday.
India is embroiled in a controversial debate regarding the shooting of a man-eating tigress, nicknamed Avni and T1.
Summary: State forest minister says man-eating tigress Avni was shot after she attacked forest staff
On Tuesday, an eight-year-old Bengali tigress died at the Lahore Zoo.