treasury investment program (TIP)

Definition

A function of the Federal Reserve Bank (FED) which collects tax revenues and places the money into different financial institutions that pay interest on the funds during the term of deposit. Most states have created similar programs to deal with state revenues.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Treasury Investment Growth Receipts (TIGRs) treasury lock