TIGRs, CATS, and LIONs--no, you will not encounter them in The Wizard of Oz. You cannot find them in a zoo, either. These things with the catchy names are actually bonds. There are other animal-named bonds as well--dealers have sold RATs, COUGARs, GATORs, EAGLEs, and even DOGs. As an educated investor, you shouldn't be put off by the "cutesy" acronyms used by the brokerage community--after all, they are entitled to an inside joke. Instead, you should know what they are and how they might fit into your investment objectives.
What Are TIGRs, CATS, and LIONs? >>