In kind
From Wikipedia, the free encyclopedia
In economics and finance, in kind refers to goods, services, and transactions not involving money or not measured in monetary terms. For example:
- Payment in kind, or barter: exchange of goods or services for other goods or services with no medium of exchange
- Income in kind: in particular
- Benefit in kind: employee benefits such as a company car or gym membership
- Tax in kind: such as a tithe from a farmer's crops
- Calculation in kind: a type of accounting based on physical magnitudes and physical quantities rather than a common unit of account
- Gifts in kind: a kind of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given
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