Definition of "in-kind" []

• Given in goods, commodities, or services rather than money: cash and in-kind benefits. (adjective)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Meanwhile, ETF shares are created and redeemed in so-called in-kind transactions with big institutional investors: To receive ETF shares, market makers, known as authorized participants, deliver the underlying securities or a representative basket to the fund manager."
• "Nonprofits are receiving a flood of so-called in-kind contributions, including volunteers to counsel first-time home buyers."
• "Growing import exposure spurs a substantial increase in transfer payments to individuals and households in the form of unemployment insurance benefits, disability benefits, income support payments, and in-kind medical benefits."