Payment-in-kind (PIK)

Payment-in-kind (PIK)

In general, a payment made in the form of CCC-owned commodities (or title to them) in lieu of cash. This form of payment was widely used during the 1980s for paid diversion, deficiency payments, and export subsidy payments as a means of disposing of or avoiding the acquisition of commodity inventories. PIK certificates entitled the holder to a specific quantity of commodities.

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Part of Speech: noun
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Blossary:
Industry/Domain: Agriculture
Category: Agricultural programs & laws
Company: USDA
Product:
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Related terms

payment in kind (PIK)

Financial services; Private equity

A feature of a security permitting the issuer to pay dividends or interest in the form of additional securities of the same class.

payment-in-kind (PIK)

Agriculture; Agricultural programs & laws

In general, a payment made in the form of CCC-owned commodities (or title to them) in lieu of cash. This form of payment was widely used during the 1980s for paid diversion, ...

Payment-in-kind (PIK) bond

Financial services; General Finance

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) notes

Banking; Business services; Mergers & acquisitions

Equity or debt that pays dividends or interest in the form of additional equity or debt.

PIK

Financial services; General Finance

See: Payment-in-kind bond

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