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

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Annualised payment scheme

Annualised payment scheme

Although the borrower pays interest at a variable rate, which can change from month to month, the lender charges a set amount of interest each month and then adjusts the balance at the end of the year.


Additional principal payment

Additional principal payment

Extra money included in the monthly payment to help reduce the principal and shorten the term of the loan.


Balance of payments equilibrium

Balance of payments equilibrium

Meaningful only under a pegged exchange rate, this referred to equality of credits and debits in the balance of payments using the traditional definition of the capital account. A surplus or deficit implied changing official reserves, so that something would ultimately have to change.


Repayment term

Repayment term

The period of time over which you will repay your mortgage to the lender.


Balance of payments surplus

Balance of payments surplus

A number summarizing the state of a country's international transactions, usually equal to the balance on current account plus the balance on capital account. This equals zero* and is uninformative under the modern definition of the latter, but with official reserve transactions excluded, or omitting also other volatile short-term capital-account transactions, it indicates the stress on a regime of pegged exchange rates.


Further Suggestions

Clearing House Interbank Payments System (CHIPS)
Transfer payment
Immediate payment annuity
Method of payment
Balloon Payment
Progress payments
Payments imbalance
Repayment mortgage
Balance of payments
Deferred payment annuity
Payment shock
Deficiency Payment
Monthly repayment
Clearing House Automated Payments System (CHAPS)
Payment default
repayment mortgage
Periodic payment plan
Skip payment privilege
Payment float
clearing house interbank payment system
Periodic payments
Transfer payments
Date of payment
Repayment vehicle
Zero prepayment assumption


 
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