Examlex
Teachers should use caution when applying the daily values found on labels to young children because they are:
PIKs
Short for "Payment in Kind," a type of financing or loan where the borrower can pay interest or dividends with additional securities instead of cash.
Mortgage Bond
A type of bond secured by a mortgage on one or more assets, offering the bondholder a claim against the assets in case of default.
Securities
Financial instruments that represent an ownership position in a corporation (stocks), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.
Equipment
Tangible property other than land or buildings that is used in the operations of a business, such as machinery, tools, or vehicles.
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