TIGR Definition

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

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CHAIRPERSON OF THE BOARD is the head of the board of directors of a corporation, and generally considered as head of the firm.

STEP LEASE is a type of lease that outlines or stipulates the expected annual increases in the tenants base rent based on an approximation of what the landlord believes what the landlord's expenses may be.

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