In Kind

This is a something of value that is not cash but has a cash value.

Examples would be if you made payment in the form of some work you performed or goods you provided. This could be your building something and providing the materials in payment of a debt owed.

Another example could be an employee getting a discount on the products that you sell or giving paid holidays to suppliers.

When referring to bonds it means that the interest on the bond is not paid in cash. An example would be to increase the principal of the bond.

As with all insurance products, it is a good idea to do your research and determine which method is best for your financial and future needs. Ask the questions, get the answers and take control.