"Payment-In-Kind (PIK) bond" Definition
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 Glossary   >   P   >   "Payment-In-Kind (PIK) bond" Definition   

        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 (PIK) bond


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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 (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.