Akademik
pay-in-kind debenture
pay-in-kind debenture
pay-in-kind debenture
➔
debenture
* * *
pay-in-kind debenture
UK
US
noun
[
C
]
►
FINANCE
a
type of bond
that pays interest in the form of more bonds, etc. rather than cash
Financial and business terms
.
2012
.