Certificate Of Government Receipts - COUGRs

DEFINITION of 'Certificate Of Government Receipts - COUGRs'

U.S. Treasury fixed-income securities that are stripped of their coupon payments and provide payment of face value. These are synthetic securities offered by the A.G. Becker Paribas firm.

BREAKING DOWN 'Certificate Of Government Receipts - COUGRs'

COUGRs are part of the "feline" family of synthetic zero-coupon Treasury securities, which includes CATS and TIGRs. This default-free family of products provides safety of principal and transparent profits. COUGRs sold at a discount and redeemed at face value because there are no interest payments during the life of the security.

RELATED TERMS
  1. Certificates Of Accrual On Treasury ...

    Issued by the U.S. Treasury and stripped by a financial intermediary, ...
  2. Treasury STRIPS

    An acronym for 'separate trading of registered interest and principal ...
  3. Treasury Receipt

    A zero-coupon bond that doesn't pay interest at regular intervals ...
  4. Treasury Investment Growth Receipts ...

    Stripped Treasury securities offered at a significant discount ...
  5. Interest Only (IO) Strips

    The interest portion of mortgage, Treasury or bond payments, ...
  6. Synthetic Call

    An investment strategy that mimics the payoff of a call option. ...
Related Articles
  1. Bonds & Fixed Income

    What are Treasury STRIPS?

    STRIPS is an acronym that stands for Separate Trading of Registered Interest and Principal Securities.
  2. Investing

    What are Fixed-Income Securities?

    For a fixed-income security, the periodic return on the investment is the same throughout the life of the security. Principal is returned at the time of maturity. The payment can be in the form ...
  3. Professionals

    Treasury STRIPS

    FINRA Series 7 Online Study Guide Section 4
  4. Bonds & Fixed Income

    Introduction To STRIPS

    STRIPS provide an alternative form of bond for fixed-income investors who need definite cash flows at specific times. Read the article to find out how.
  5. Professionals

    Government Bonds

    CFA Level 1 - Government Bonds. Learn the various types of U.S. Government issued treasury securities. Also covers on and off-the-run securities and how to strip a bond.
  6. Professionals

    U.S. Government Bonds and Agency Securities

    U.S. Government Bonds and Agency Securities
  7. Options & Futures

    Synthetic Options Provide Real Advantages

    Participate in options trading trading that is simpler, less expensive and easier to manage.
  8. Options & Futures

    20 Investments: Zero-Coupon Securities

    What Is It? A zero-coupon security, or "stripped bond", is basically a regular coupon-paying bond without the coupons. The process of "stripping" or "zeroing" a bond is usually done by a brokerage ...
  9. Options & Futures

    Get Into Low-Cost Futures Trading With Synthetics

    If you can't trade commodity futures outright, these vehicles provide a less expensive alternative.
  10. Bonds & Fixed Income

    Advanced Bond Concepts: Bond Pricing

    It is important for prospective bond buyers to know how to determine the price of a bond because it will indicate the yield received should the bond be purchased. In this section, we will run ...
RELATED FAQS
  1. What is a stripped bond?

    The quick answer to this question is that a stripped bond is a bond that has had its main components broken up into a zero-coupon ... Read Answer >>
  2. It is now 6 month after you just purchased a $1,000 face value TIPS ...

    The correct answer is d. TIPS are a special type of Treasury note or bond that offers protection from inflation. When you ... Read Answer >>
  3. What are the main disadvantages of fixed income securities?

    Learn why fixed-income securities, despite offering the luxury of guaranteed, regular cash payments, confer several disadvantages ... Read Answer >>
  4. What is the difference between a bond's yield rate and its coupon rate?

    Learn why bond coupon payments, which are a series of fixed payments made to a bondholder throughout the life of the bond, ... Read Answer >>
  5. What is the difference between a zero-coupon bond and a regular bond?

    The difference between a zero-coupon bond and a regular bond is that a zero-coupon bond does not pay coupons, or interest ... Read Answer >>
  6. How is the interest rate on a treasury bond determined?

    Explore the difference between interest rates and bond coupons, what determines current yield on debt instruments, and why ... Read Answer >>
Hot Definitions
  1. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  2. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  3. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  4. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  5. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  6. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
Trading Center