S
STRIPS
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STRIPS
An acronym for Separately Traded Registered Interest and
Principal
Securities. Zero
coupon
notes and bonds are created by trading
note
and
bond
coupon and principal payments stripped from Treasury securities. Also called
Certificate of Accrual on Treasury Securities (CATS
),
Certificate of Government Receipts (COUGRs)
,
Treasury Investment Growth Receipts (TIGRs)
,
Treasury STRIPS
,
Treasury Receipts (TRs)
. Comparable to Zero Coupon Euro-Sterling Bearer or Registered Accruing (ZEBRA) Certificate. Other acronyms have included LION, COUGRs, DOGs, GATORs, EAGLEs, STARs.
Glossary
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