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. 2012.

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

  • 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

  • payment-in-kind bond — abbr. PIK bond; PIK 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

  • PIK debt — United Kingdom A type of junior debt on which the borrower (or issuer) pays no cash interest (or yield) until the principal amount is repaid (or redeemed). PIK debt can be structured in a variety of ways, including as a subordinated loan, a deep… …   Law dictionary

  • PIK loan — A PIK Loan is a type of loan which typically does not provide for any cash flows from borrower to lender between the drawdown date and the maturity or refinancing date, not even interest or parts thereof (see mezzanine loan), thus making it an… …   Wikipedia

  • PIK — See: payment in kind bond …   Financial and business terms

  • Merrill Lynch High Yield Master II — The Merrill Lynch US High Yield Master II Index (H0A0) is a commonly used benchmark index for high yield corporate bonds. It is administered by Merrill Lynch. The Master II is a measure of the broad high yield market, unlike the Merrill Lynch… …   Wikipedia

  • Glazer ownership of Manchester United — Manchester United Football Club is an English football club based in Old Trafford, Greater Manchester. The club was formed as Newton Heath LYR Football Club, the works team of the Lancashire and Yorkshire Railway depot in Newton Heath, in 1878.… …   Wikipedia

  • ОБЛИГАЦИЯ — (bond) Долговая расписка, выдаваемая заемщиком кредитору. Облигации обычно выпускаются государством, местными органами власти или компаниями в форме ценных бумаг с фиксированной процентной ставкой (fixed interest securities). Однако существует… …   Финансовый словарь

  • Mezzanine capital — Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company s assets which is senior only to that of the common shares. Mezzanine financings can be structured either as debt… …   Wikipedia

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