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Tips and Limits

Treasury Inflation-Protected Securities are inflation-adjusted bonds issued by the U. S. Treasury. The principal is periodically adjusted for inflation, and the semi-annual fixed interest is paid on the adjusted principal. You pay tax annually on the interest payment. A drawback is that you also pay tax annually on the adjustment to the principal even though you don't receive the adjustment until you cash the bond.

(Military) TIPS stands for tactical optical surveillance system (TOSS) imagery processing system

Limits is the maximum amount of benefits your insurer will pay for a loss as designated in your insurance policy.