Business, Legal & Accounting Glossary
A bond issue backed by the U.S. Treasury Department that was issued in the early to mid-1980s. The interest rate or “coupon” was separated from the face value and sold separately on secondary markets. TIGRs were no longer issued after 1986 because the Treasury issued a more popular security called a Separate Trading of Registered Interest and Principal of Securities (STRIPS) bond.
TIGRs
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Definitions for Treasury Investment Growth Receipts are sourced/syndicated and enhanced from:
This glossary post was last updated: 21st November, 2021 | 0 Views.