Payment in Kind refers to securities that make payments in more securities of the same kind. For example, the hypothetical QWERT Corporation issues bonds due in 20xx with a 10 percent coupon. Then on the interest date, it issues additional securities as payment with terms similar to the initial offering. Generally, it is a technique to reduce temporarily cash outflows.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). payment in kind. Retrieved September 24, 2026, from http://smartdefine.org/payment_in_kind/definitions/1160309 |
| Chicago | Barry Goldsmith. 2010. "payment in kind" http://smartdefine.org/payment_in_kind/definitions/1160309 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, payment in kind, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/payment_in_kind/definitions/1160309>. |
| MLA | Barry Goldsmith. "payment in kind" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/payment_in_kind/definitions/1160309> |