Dictionary of Business Terms: Treasury Investors Growth Receipt (TIGER; TIGR)
Treasury Investors Growth Receipt (TIGER; TIGR)
form of zero coupon security. TIGERs are U.S. government backed bonds that have been stripped of their coupons. Both the corpus (principal) of the bonds and the individual coupons are sold separately at a deep discount from their face values. Investors receive face value for the TIGERs when the bonds mature, but do not receive periodic interest payments.
