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Payment In-Kind - PIK

What Does It Mean?
What Does Payment In-Kind - PIK Mean?
The use of a good or service as payment, instead of cash. Also known as "paid in-kind."
Investopedia Says
Investopedia explains Payment In-Kind - PIK
A good example is a farmhand who is paid room and board for helping out on the farm instead of earning wages.

Another example is the use of securities instead of cash as a deposit into a retirement savings plan.
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