payment in kind

Definition

Payment made in the form of goods and services, rather than cash.

Use payment in kind in a sentence

I would much rather do a payment in kind to finish the transaction because it allowed me to pay with goods and services.

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Some businesses will work together with a bartering system which is a payment in kind whereas goods and services are traded rather than paid in cash.

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Because she was financially sound and loved the old woman's cookies, Barbara asked her for payment in kind for the pictures, agreeing on a batch fresh from the oven rather than cash.

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