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PIK loan. A PIK, or payment in kind, is a type of high-risk loan or bond that allows borrowers to pay interest with additional debt, rather than cash. That makes it an expensive, high-risk financing instrument since the size of the debt may increase quickly, leaving lenders with big losses if the borrower is unable to pay back the loan.
Franklin Delano Roosevelt [a] (January 30, 1882 – April 12, 1945), commonly known by his initials FDR, was an American politician who served as the 32nd president of the United States from 1933 until his death in 1945. He is the only U.S. president to have served more than two terms.
Texas Motor Speedway hosts annual NASCAR Cup Series and IndyCar Series auto races since 1997. Since 2012, Austin's Circuit of the Americas plays host to a round of the Formula 1 World Championship. The Panther City Lacrosse Club is a professional lacrosse team in the National Lacrosse League. They have played local matches at Dickies Arena in ...
To illustrate how these loans work, assume you own a car worth $5,000, and you find yourself in an emergency and need $1,000. A title loan lets you borrow against your vehicle so you can get the ...
Social media has affected the way youth communicate, by introducing new forms of language. Novel acronyms save time, as illustrated by " LOL ", which is the ubiquitous shortcut for "laugh out loud". The hashtag was created to simplify searching for information and to allow users to highlight topics of interest in the hope of attracting the ...
Microsoft Bing, commonly referred to as Bing, is a search engine owned and operated by Microsoft. The service traces its roots back to Microsoft's earlier search engines, including MSN Search, Windows Live Search, and Live Search. Bing offers a broad spectrum of search services, encompassing web, video, image, and map search products, all ...
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