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PIKPayment in Kind, typically does not provide for any cashflows from borrower to lender between the drawdown date and the maturity or refinancing date. PIK interest accrues and capitalises periodically [..]
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PIKlet.”) *
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PIKPayment in Kind Provision
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PIK
to fill (holes), to pierce
to make bitter
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PIK
(card games) spades
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PIKSee: Payment-in-kind bond
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