What does paid in kind mean?

What Is Payment-in-Kind (PIK)? Payment-in-kind (PIK) is the use of a good or service as payment instead of cash. Payment-in-kind also refers to a financial instrument that pays interest or dividends to investors of bonds, notes, or preferred stock with additional securities or equity instead of cash.

What is an example of compensation in kind?

Tools. Payment in kind is non-cash remuneration received by an employee for work performed. This can include: food, drink, fuel, clothing, footwear, free or subsidized housing or transport, electricity, car parking, nurseries or crèches, low or zero-interest loans or subsidized mortgages.

What does it mean paid in cash?

money in the form of notes and coins, rather than cheques, bank cards, etc.: in cash Many tradespeople prefer to be paid in cash.

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