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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DIVISION is a self sufficient unit within a company. A division contains all the functions necessary to operate independently from the parent company.

EXCISE TAX is a tax imposed by federal, state, and local governments on an act, occupation, privilege, manufacture, sale, or consumption that is not deductible (e.g., tobacco, gasoline and spirits). This term is in increasing usage to describe almost every tax other than income tax and property tax.

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