treasury investment growth receipt (TIGR)

Definition

A small group of bonds considered "feline" securities because its acronym sounds like "tiger". This type of investment is not as popular as it once was during a time before Treasury STRIPS. Treasury investment growth receipts are typically traded on secondary markets to those who want to protect future cash profits from stock market changeability.
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Treasury Inflation-Protected Security Treasury Investment Growth Receipts (TIGRs)