Payment-In-Kind (PIK) bond Daniel Guidotti 14 years ago Payment-In-Kind (PIK) bondA special offer bond that allows issuer the option to fulfill coupon payments with additional bonds or in cash during a set initial period.Random Finance Terms for the Letter PPayable on DeathPaybackPaydownPayment DatePayment FloatPayments NettingPayments PatternPayout RatioPay-upPayment-In-Kind (PIK) bondRecommended for you:Payment Float Payment Date Payments Netting Payback