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PIK loan. A PIK, or payment in kind, is a type of high-risk loan or bond that allows borrowers to pay interest with additional debt, rather than cash. That makes it an expensive, high-risk financing instrument since the size of the debt may increase quickly, leaving lenders with big losses if the borrower is unable to pay back the loan.
In kind. Goods, services, and transactions not involving money. The term in kind (or in-kind) generally refers to goods, services, and transactions not involving money or not measured in monetary terms. [1] It is a part of many spheres, mainly economics, finance, but also politics, work career, food, health and others.
Polo y servicio was the forced labor system without compensation [1] imposed upon the local population in the Philippines during the Spanish colonial period. [2] In concept, it was similar to Repartimiento, a forced labor system used in the Spanish America. [3] The word polo refers to community work, and the laborer was called polista. [4]
e. The encomienda (Spanish pronunciation: [eŋkoˈmjenda] ⓘ) was a Spanish labour system that rewarded conquerors with the labour of conquered non-Christian peoples. In theory, the conquerors provided the labourers with benefits, including military protection and education. The encomienda was first established in Spain following the Christian ...
Sales and Use Tax. The Puerto Rico Sales and Use Tax (SUT, Spanish: Impuesto a las Ventas y Uso, IVU) is the combined sales and use tax applied to most sales in Puerto Rico. As of 2020, the tax rate is 11.5%: 1.0% of the tax collected goes to the municipality where the sale was executed (there are 78 municipios - municipalities), and 10.5% of ...
Payment in kind. Payment in kind may refer to: Barter, exchange of goods or services for other goods or services. Payment in kind loan, a type of loan which typically does not provide for any cash flows from borrower to lender between the drawdown date and the maturity or refinancing date. Category:
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Employee benefits in the United States include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401 (k), 403 (b)); group term life insurance and accidental death and dismemberment insurance plans; income protection plans (also known as ...