Jump to navigationJump to search

In general, a payment made in the form of CCC-owned commodities (or title to them) in lieu of cash. This form of payment was widely used during the 1980s for paid diversion, deficiency payments, and export subsidy payments as a means of disposing of or avoiding the acquisition of commodity inventories. PIK certificates entitled the holder to a specific quantity of commodities.

Sponsor: Get your business card design in 72 hours for just $59!

Sponsor: Lockout and Electrical Safety Signs, Tags and Labels