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Payment-In-Kind (PIK) bond

Payment-In-Kind (PIK) bond
A special offer bond that allows issuer the option to fulfill coupon payments with additional bonds or in cash during a set initial period.

Random Finance Terms for the Letter P

  • Payable on Death
  • Payback
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  • Payout Ratio
  • Pay-up
  • Payment-In-Kind (PIK) bond

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