Payment In-Kind - PIK
The use of a good or service as payment, instead of cash. Also known as "paid in-kind."
|||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.
|||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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