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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Prepayment fee

Prepayment fee

In 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 deficit

Balance of payments deficit

A negative balance of payments surplus.


Payment float

Payment float

Company-written checks that have not yet cleared.


Interest payments

Interest payments

Contractual debt payments based on the coupon rate of interest and the principal amount.


Method of payment

Method of payment

The way a merger or acquisition is financed.


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Balance of payments surplus
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Annualised payment scheme
Repayment plan


 
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