What is the meaning of PIK (Payment-in-kind) securities?

pik > payment-in-kind

Highly bonds or preferred stock that pay interest or dividends through additional bonds or preferred stock.

Barry Goldsmith
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APABarry Goldsmith. (2010). pik (payment-in-kind) securities. Retrieved October 1, 2026, from http://smartdefine.org/pik_(payment-in-kind)_securities/definitions/1160593
ChicagoBarry Goldsmith. 2010. "pik (payment-in-kind) securities" http://smartdefine.org/pik_(payment-in-kind)_securities/definitions/1160593 (accessed October 1, 2026).
HarvardBarry Goldsmith 2010, pik (payment-in-kind) securities, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/pik_(payment-in-kind)_securities/definitions/1160593>.
MLABarry Goldsmith. "pik (payment-in-kind) securities" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/pik_(payment-in-kind)_securities/definitions/1160593>