In Kind

In Kind – “In kind” refers to a non-cash form of compensation utilized by an individual or a company.  A business, especially within the retail sector, will dole out discounts to its employees as payment instead of additional bonus or overtime income.  Another example occurs when wholesale mortgage lenders set up rebate prices for their brokers as a form of concession.  Outside of the business realm, gifts in kind are often handed out to charities or non-profit organizations.  Such examples include providing workforce for disaster relief in devastated areas such as New Orleans after Hurricane Katrina.