What is the meaning of Treasury Investor Growth Receipt (TIGER)?

Treasury Investor Growth Receipt (TIGER) is a TIGER is a US Treasury security that has been stripped, or divided into principal and each of its interest payments, by a brokerage firm. Each part is sold separately as a zero-coupon security. Since each of the interest payments and the repayment of principal come due at a different date, TIGERs and other stripped securities give investors a choice of investments that provide lump-sum payments at different, or staggered, intervals, when the investors might need the money.

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APABarry Goldsmith. (2010). Treasury Investor Growth Receipt (TIGER). Retrieved October 2, 2026, from http://smartdefine.org/treasury_investor_growth_receipt_(tiger)/definitions/1165583
ChicagoBarry Goldsmith. 2010. "Treasury Investor Growth Receipt (TIGER)" http://smartdefine.org/treasury_investor_growth_receipt_(tiger)/definitions/1165583 (accessed October 2, 2026).
HarvardBarry Goldsmith 2010, Treasury Investor Growth Receipt (TIGER), Smart Define, viewed 2 October, 2026, <http://smartdefine.org/treasury_investor_growth_receipt_(tiger)/definitions/1165583>.
MLABarry Goldsmith. "Treasury Investor Growth Receipt (TIGER)" 21 October 2010. Web. 2 October 2026. <http://smartdefine.org/treasury_investor_growth_receipt_(tiger)/definitions/1165583>