PIK

American  

Or p.i.k.

noun

1. payment in kind.

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Example Sentences

The ratings firm says nonbank direct lenders known as BDCs show increased signs of stress with the rise in interest from PIK loans.

From The Wall Street Journal

The proportion of interest from PIK loans last year reached the highest level since at least 2011.

From The Wall Street Journal

A primary rating concern is PIK debt, where borrowers defer cash payments.

From The Wall Street Journal

“With PIK, there’s always the question of ‘are you kicking the can down the road,’” Neenan said.

From The Wall Street Journal

Emerging fears of artificial intelligence-related disruptions to the business models of some software companies have added to concerns over the rising level of PIK debt, with both regarded as drivers behind a surge in investors trying to pull their money from BDCs and other private investment vehicles geared to individuals.

From The Wall Street Journal