TERMIUM Plus®

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PAYMENT-IN-KIND SECURITY [1 record]

Record 1 2010-07-15

English

Subject field(s)
  • Investment
DEF

A relatively unusual type of security that allows the issuer to pay the investor with additional shares (in the case of PIK preferred) or with bonds (in the case of PIK bonds) rather than with cash.

French

Domaine(s)
  • Investissements et placements
DEF

Titre dont les intérêts ou les dividendes sont réinvestis dans des titres, généralement de mêmes caractéristiques, plutôt que d'être payés en argent, pour une période initiale déterminée, après quoi les intérêts ou les dividendes sont versés en argent.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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