A good example is a farmhand who is paid room and board for helping out on the farm instead of earning wages.
Another example is the use of securities instead of cash as a deposit into a retirement savings plan.
Investment dictionary. Academic. 2012.
payment-in-kind — (PIK) USA In the case of bank loans, a feature whereby the interest is added to the principal balance of the loan (referred to as capitalized) instead of being paid to the lender in cash (called cash pay interest). In the case of other securities … Law dictionary
Payment-In-Kind (PIK) bond — A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds. The New York Times Financial Glossary … Financial and business terms
Payment in kind — refers to payment for goods or services with a medium other than legal tender (anything can be used as money, but legal tender is what the State accepts for all debts).Etymology“Kind” (or sometimes ) in this context is an archaic noun meaning… … Wikipedia
payment-in-kind bond — abbr. PIK bond; PIK A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds. Bloomberg Financial Dictionary … Financial and business terms
Payment In Kind — payback of similar nature; payment in commodities (and not money), PIK … English contemporary dictionary
payment-in-kind securities — Also: PIK securities Highly bonds or preferred stock that pay interest or dividends through additional bonds or preferred stock. Bloomberg Financial Dictionary … Financial and business terms
PIK toggle — USA A feature whereby the borrower under a note can choose to make interest payments either in cash or by payment in kind (PIK) and can alternate back and forth between the two forms of interest payments within certain parameters. This feature… … Law dictionary
PIK — payment in kind (PIK) USA In the case of bank loans, a feature whereby the interest is added to the principal balance of the loan (referred to as capitalized) instead of being paid to the lender in cash (called cash pay interest). In the case of… … Law dictionary
PIK debt — United Kingdom A type of junior debt on which the borrower (or issuer) pays no cash interest (or yield) until the principal amount is repaid (or redeemed). PIK debt can be structured in a variety of ways, including as a subordinated loan, a deep… … Law dictionary
Pik — can refer to: * The IATA code of Glasgow Prestwick International Airport * Pik Botha * Abbreviation for payment in kind, a term in finance * The Pik sisters, singers who sung, among other songs, the opening song for the Isreali series MK 22 *… … Wikipedia
