payment-in-kind

Definitions

Forex

  • (written as payment in kind)
    A term used to describe a loan that does not have interest payments due until maturity, when the loan amount plus interest is then due. Payment in kind also refers to bonds or stocks that make disbursements to holders in the form of bonds or stocks instead of in cash.

Human Resources

  • noun an alternative form of pay, given to employees in place of money but considered to be of equivalent value
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