Payment in kind: Difference between revisions
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imported>Doug Williamson m (Spacing 21/813) |
imported>Doug Williamson (Spacing.) |
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| Line 8: | Line 8: | ||
(PIK). | (PIK). | ||
Non-cash payment of interest coupons on a security. For example by an increase in the amount of principal owed by the borrower. | Non-cash payment of interest coupons on a security. | ||
For example by an increase in the amount of principal owed by the borrower. | |||
== See also == | == See also == | ||
* [[Benefit in kind]] | * [[Benefit in kind]] | ||
Revision as of 11:28, 8 February 2016
1.
Any non-cash form of payment.
2.
(PIK).
Non-cash payment of interest coupons on a security.
For example by an increase in the amount of principal owed by the borrower.
