Англо-русский словарь акронимов и аббревиатур, используемых в банковской и финансовой деятельности (Glossary of International Banking & Finance Acronyms and Abbreviations). 2013.
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 — 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 - PIK — The use of a good or service as payment, instead of cash. Also known as paid in kind. 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… … Investment dictionary
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 — 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 — (Payment In Kind) payback of similar nature; payment in commodities (and not money) … English contemporary dictionary
PIK loan — A PIK Loan is a type of loan which typically does not provide for any cash flows from borrower to lender between the drawdown date and the maturity or refinancing date, not even interest or parts thereof (see mezzanine loan), thus making it an… … Wikipedia
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
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
