TIGR Definition

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TIGR is Treasury Investment Growth Receipts; zero­-coupon bonds created by stripping Treasuries. See STRIPS.

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FLAT RATE is a per unit price that remains constant regardless of the volume purchased.

MARKET PRICE (MARKET VALUE), for securities sold on an exchange, is the last reported price at which the securi­ties were sold. For securities sold over-the-counter (OTC), the current price of the securities in the market.

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