escape valve

Chinese meaning
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PIK
Example
payments in kind (PIK) have become a widely-used “sweetener” in the private credit space, a sort of escape valve for borrowers that allows borrowers to defer cash interest payments.
Source: PYMNTS · 11 Aug 2026
Background ✎
Roots · etymology
无明确词源记录,属工业机械隐喻用语
- escape(逃逸,出)+valve(阀门)
Collocations
- serve as an escape valve / act as an escape valve / a social escape valve

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