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Payment-in-kind

Business Payment systemPayments system

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. ...

 


payment-in-kind bond A bond that give the issuer the option of paying coupons in cash or in more bonds.
payment netting Netting of cash flows.
payoff The net P&L from an options spread.

Payment-In-Kind Securities (PIK)
Bonds and preferred stocks whose interest and dividends are paid in additional bonds or preferred stock.
See: Bond; Preferred Stock ...

Payment-in-Kind
Refers to an alternative to cash payments to producers of various commodities under the U.S. Department of Agriculture acreage control program authorized by Congress in 1985.

PIK (Payment-in-kind) securities
Highly speculative bonds or preferred stock that pay interest or dividends through additional bonds or preferred stock.
Pink sheets ...

PIK (Payment-In-Kind) Securities
bonds or preferred stock that pay interest/dividends in the form of additional bonds or preferred. PIK securities have been used in takeover financing in lieu of cash and are highly speculative.

Full form payment-in-kind note
Definitions of ’PIK note’ and meaning of ’PIK note’ are from the book publication, QFINANCE - The Ultimate Resource, © 2009 Bloomsbury Information Ltd.

A broker who trading stocks, bonds or commodities in a personal account following a trade just made for a customer. The broker assumes that the customer is making the trade on valuable inside information.
PIK (Payment-in-kind) securities ...

PHLX See: Philadelphia Stock Exchange PIBOR See: Paris Interbank Offer Rate PIK See: Payment-in-kind bond PIPE See: Private Investment in Public Equity PK The two-character ISO 3166 country code for PAKISTAN.

payment-in-kind security A bond paying interest in the form of additional bonds, or a preferred stock... payoff diagram A chart of the profits and losses for a particular options strategy prepared...

Related: Deferred-interest bond, payment-in-kind bond. Step-up swap An interest rate swap on which the notional principal increases according to a predetermined schedule.

Compare step-up bond and payment-in-kind bond. Deferred nominal life annuity A monthly fixed-dollar payment beginning at retirement age.

Payment-in-kind (PIK) bond
Payments mechanism
Pension Benefit Guaranty Corporation (PBGC)
Pension plan
Pension sponsors
Perfect hedge
Performance attribution analysis
Performance evaluation
Performance measurement
Permissible nonbank activities ...

High-yield bond funds include 'PIKs' in their coupon breakdown, which are payment-in-kind issues that make interest payments in the form of additional securities rather than cash.

A bond that pays a lower coupon rate for an initial period which then increases to a higher
coupon rate. Related: Deferred-interest bond, Payment-in-kind bond
True interest cost ...

Deferred futures The most distant months of a . A that sells at a and does not pay for an initial period, typically from three to seven years. Compare step-up bond and payment-in-kind bond.

Step-up bond
A bond that pays a lower coupon rate for an initial period, and then increases to a higher coupon rate. Related: Deferred-interest bond, payment-in-kind bond.

See also: PIK, Internal rate of return, Risk-adjusted return, Debt ratio, Return On Equity

Business Payment systemPayments system

 
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