Payment In-Kind - PIK
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.
Look at other dictionaries:
payment in kind — ► COMMERCE a way of paying for something using goods and services instead of money: »The company agreed that the loan should be settled by payment in kind. Main Entry: ↑payment … Financial and business terms
payment in kind — phrase something that you give or receive instead of money Books were offered as payment in kind. Thesaurus: miscellaneous paymentssynonym words used to describe payments and funding sourceshyponym Main entry: payment … Useful english dictionary
payment in kind — A payment that is not made in cash but in goods or services. It is often in the form of a discount or an allowance, e. g. cheap fares for British Airways employees, staff prices for food at supermarkets, etc. Now regarded as a bonus or fringe… … Big dictionary of business and management
payment in kind — something that you give or receive instead of money Books were offered as payment in kind … English dictionary
payment-in-kind — HR an alternative form of pay given to employees in place of monetary reward but considered to be of equivalent value. A payment in kind may take the form of use of a car, purchase of goods at cost price, or other nonfinancial exchange that… … The ultimate business dictionary
payment in kind — The transfer of economic benefits in the form of goods and services, rather than in the form of *money. See also *barter … Auditor's dictionary
Payment-In-Kind Bonds — A type of bond that pays interest in additional bonds rather than in cash. The bond issuer incurs additional debt to create the new bonds for the interest payments. Payment in kind bonds are considered a type of deferred coupon bond since there… … Investment dictionary
payment-in-kind program — A government program in which farmers who comply with a voluntary acreage control program and set aside an additional percentage of acreage specified by the government receive certificates that can be redeemed for government owned stocks of grain … Financial and business terms
kind — [kaɪnd] noun COMMERCE ( a) payment/benefit in kind a method of paying someone by giving goods or services instead of money: • The company agreed that the loan should be settled by payment in kind. • A workplace nursery is not regarded as a… … Financial and business terms
kind — n 1: a particular type, category, or class properties of like kind see also like kind exchange 2 a: an unconverted form a partition of property in kind; broadly: a form other than money forbid a bribe in cash or in kind … Law dictionary
payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it … Financial and business terms