PAYMENT-IN-KIND (P.I.K.) BOND


Meaning of PAYMENT-IN-KIND (P.I.K.) BOND in English

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 .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.