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PIK

American  
Or p.i.k.

noun

  1. payment in kind.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

PIK collected as part of a loan payoff seems a less reliable source of dividend cash than regularly paid cash interest, says Nick Nemeth, a consultant and independent analyst who has studied private credit.

From Barron's • May 6, 2026

“As with all investments, PIK investments are underwritten with the same discipline as cash pay loans, with a strong focus on structure, leverage, and exit protections.”

From Barron's • May 6, 2026

Without including noncash PIK, Ares netted $930 million in cash interest and dividends last year, after expenses.

From Barron's • May 6, 2026

These PIK collections should count toward a period’s dividend coverage, says the fund.

From Barron's • May 6, 2026

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 • Mar. 31, 2026

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