Treasury Receipt
A zero-coupon bond issued by a brokerage firm and collateralized by treasury securities held for the investor by a custodian.
Investopedia Commentary
In general, stripped U.S. Government bonds are referred to as Treasury receipts but are better known as TIGRS (Treasury Investment Growth Receipts), CATS (Certificates of Accrual on Treasury Securities), etc.
Related Links
Bond Basics Tutorial
Advanced Bond Concepts
See also: CATS, COUGRs, Custodian, TIGRS, Treasury Note, Zero-Coupon Bond