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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 MatchesPayment datePayment dateThe date on which shareholders of record will be sent a check for the declared dividend. Graduated payment mortgageGraduated payment mortgageA mortgage scheme in which monthly payments commence at a lower level and increase over a period of a few years to a higher level which is subsequently maintained. Zero prepayment assumptionZero prepayment assumptionThe assumption of payment of scheduled principal and interest with no payments. Periodic paymentsPeriodic paymentsA series of payments from an annuity, qualified retirement plan, or 403(b)(7) account made over a certain term of years. A payment from an IRA, even if over a period of years, is not considered a periodic payment for tax purposes. Periodic payment planPeriodic payment planA plan to build up capital in a fund by regular investments, typically on a monthly or quarterly basis. Further SuggestionsPayment CapBalance of payments Payment gateway Repayment vehicle Clearing House Automated Payments System (CHAPS) Balloon Payment Balance of payments adjustment mechanism Micropayment Lag response of prepayments Payment default clearing house automated payment system Method of payment Graduated Payment Mortgage Skip payment privilege Balance of payments surplus PIK (Payment in kind) securities Payment of balance Payment protection insurance Clearing House Interbank Payments System (CHIPS) Repayment term Transfer payments Break even payment rate maintenance payments Overpayment Annualised payment scheme |
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