payment-in-kind bond
Look at other dictionaries:
Payment in kind — refers to payment for goods or services with a medium other than legal tender (anything can be used as money, but legal tender is what the State accepts for all debts).Etymology“Kind” (or sometimes ) in this context is an archaic noun meaning… … Wikipedia
Payment-In-Kind Bonds — A type of bond that pays interest in additional bonds rather than in cash. The bond issuer incurs additional debt to create the new bonds for the interest payments. Payment in kind bonds are considered a type of deferred coupon bond since there… … Investment dictionary
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. The New York Times Financial Glossary … Financial and business terms
payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it … Financial and business terms
Step-up bond — A bond that pays a lower coupon rate for an initial period which then increases to a higher coupon rate. Related: Deferred interest bond, Payment in kind bond … Financial and business terms
step-up bond — A bond that pays a lower coupon rate for an initial period, and then increases to a higher coupon rate. Related: Deferred interest bond, payment in kind bond. Bloomberg Financial Dictionary … Financial and business terms
bond post obit — Bond after he has died, a bond given to secure the performance of Some act or acts after a certain person shall have died . A kind of bond whereby the obligor agrees that in consideration of the payment to him of a sum of money by the obligee, he … Ballentine's law dictionary
PIK bond — also: PIK; abbr. of payment in kind 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. Bloomberg Financial Dictionary … Financial and business terms
general average bond — A kind of bond, also called an average bond, which it is customary and lawful for the master of a ship to exact as a condition precedent to the delivery of the cargo in case a dispute has arisen as to liability for general average, or where… … Ballentine's law dictionary
Toggle Note — A payment in kind bond, where the issuer has the option to defer an interest payment by agreeing to pay an increased coupon in the future. With toggle notes, all deferred payments must be settled by the bond s maturity. Toggle notes provide firms … Investment dictionary
