Payment in Kind. A feature of a security permitting the issuer to p... Add a comment
Payment in kind – a proportion of interest which is accrued on mezzanine/junior debt and paid either on a certain date or when the business is sold, whichever comes first.
A pik is the exposed area of a strand traveling in a straight line along the axis of the rope. In a cover braid there are normally 16, 20, 24, or 32 strands. Strands that revolve to the right are usually referred to as "Z" strands. Strands that revolve to the left are "S" strands. Some splicing instructions might also refer to "standard pairs" since braided ropes are constructed with "S" and "Z" strands for a balanced, torque-free construction.
Acronym for the Potsdam Institute for Climate Impact Research, whose mission is to investigate the consequences of global climate change as a paradigm for the unfolding fundamental crisis between the ecosphere and humanity. More information can be found at the PIK Web site.