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Payment in kind (PIK) bond |
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Payment in kind (PIK) bondA 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 Similar MatchesMaintenance paymentsMaintenance paymentsMoney paid by a divorced person to his/her partner to assist with living expenses. From the taxation point of view, maintenance may be enforceable following a court order, or voluntary. Where maintenance is enforceable the recipient will, under certain circumstances, be liable for tax, depending on when the order was made and the amount paid. The person making the payments can claim limited tax relief. For voluntary payments, the recipient is not liable for tax and the person making the payments cannot claim tax relief. Graduated paymentGraduated paymentRepayment terms calling for gradual increases in the payments on a closed-end obligation. A graduated payment loan usually involves negative amortization. Payment holidayPayment holidayA short break from regular mortgage repayments, sometimes offered with flexible mortgages. This can sometimes be a useful feature for self-employed people or others with irregular income. Graduated Payment MortgageGraduated Payment MortgageA mortgage or deed or trust calling for increasingly higher payments over the term of the loan. This allows the buyer low beginning payments. The payments then increase as (theoretically) the buyer's earnings increase. Payment shockPayment shockPayment shocks are when the discount period ends and the monthly repayments jump by a large amount to match the Standard Variable Rate. You must be sure that you can budget for this in your monthly expenses. Further SuggestionsReceive versus paymentPayments pattern Balloon Payment Documents against payment Break even payment rate Payment Cap balance of payments Payment default PIK (Payment in kind) securities graduated payment mortgage Balance of payments equilibrium Repayment vehicle Stop payment Discount payment Balance of payments surplus Transfer payments call payment Payments netting Overpayment Additional principal payment Method of payment Periodic payments Prepayments clearing house interbank payment system payment card |
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