Payment in Kind - Explained
What is Payment in Kind?
Written by J. Mance Gordon
Updated at April 19th, 2024
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What is Payment-in-Kind?
Payment-in-Kind (PIK) involves allowing the use of a good or service rather than making a cash payment. Also, Payment-in-kind securities are financial tool that offers more securities or equity shares to its investors or stockholders as dividend or interest earned on bonds, shares, etc. instead of paying them via cash.