Treasury Investment Growth Receipts (TIGRs) Definition
What Are Treasury Investment Growth Receipts (TIGRs)? Treasury Investment Growth Receipts (TIGRs), issued from 1982 until 1986, were zero-coupon bonds based on U.S. Treasury bonds held by Merrill Lynch. Key Takeaways Treasury Investment Growth Receipts (TIGRs) were zero-coupon bonds based on U.S. Treasury bonds held by Merrill Lynch.TIGRs and similar securities became popular in the