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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 ...
A tribute (/ ˈtrɪbjuːt /; [1] from Latin tributum, "contribution") is wealth, often in kind, that a party gives to another as a sign of submission, allegiance or respect. Various ancient states exacted tribute from the rulers of lands which the state conquered. In the case of alliances, lesser parties may pay tribute to more powerful parties ...
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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The tanda is one of the most commonly followed informal associations in Mexico with 31% of the population actively participating in one. [5] A tanda may be managed in different ways. The way it usually works is a group of people that know each other get together to collect money (either weekly, monthly, yearly) to help each other financially.