Payment in kind

From ACT Wiki
Revision as of 11:28, 8 February 2016 by imported>Doug Williamson (Spacing.)
Jump to navigationJump to search

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.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Payment_in_kind&oldid=36906’