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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 MatchesPrepayment feePrepayment feeIn the US, a fee charged to a borrower by a lender when a loan or mortgage is repaid ahead of schedule. In the UK, building societies impose a similar charge, typically binding the borrower to at least three years of repayments if such a charge is to be avoided. Balance of payments deficitBalance of payments deficitA negative balance of payments surplus. Payment floatPayment floatCompany-written checks that have not yet cleared. Interest paymentsInterest paymentsContractual debt payments based on the coupon rate of interest and the principal amount. Method of paymentMethod of paymentThe way a merger or acquisition is financed. Further SuggestionsPayment holidayReceive versus payment graduated payment mortgage Break even payment rate Transfer payment PIK (Payment in kind) securities call payment Payment gateway Payment Cap Payments imbalance Prepayment penalty Balloon Payment Lag response of prepayments Repayment term Balloon Payment payment card Additional principal payment Zero prepayment assumption Late payment Balance of payments adjustment mechanism Payment of balance Balance of payments surplus repayment mortgage Annualised payment scheme Repayment plan |
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