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Glossary   >   P   >   "Payment-In-Kind (PIK) bond" Definition            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. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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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.