A feature in the high yield market that allows the issuer to pay interest in the form of additional notes is called a:

Name: A feature in the high yield market that allows the issuer to pay interest in the form of additional notes is called a:
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PIK stands for "payment in kind" and refers to the ability of the issuer to pay interest in the form of additional notes rather than cash. This can help the issuer conserve cash flow in the short term, but can also increase their debt burden in the long term.

A Feature in the High Yield Market That Allows the Issuer