Department of Eerie Acronyms: PIK and DCOH
My day gig these days has me doing research on labor law and employment issues, and today I came across a nonprofit hospital posting from North Carolina, which announced that new acronyms were being added to hospital jargon during our current economic difficulties.
The author mentioned two: PIK, or payment in kind, which refers to paying one’s bills with something other than money, and DCOH, or days’ cash on hand–a measure of how long one can survive.
The second one is truly scary, but I was calculating that for myself up until I landed this recent gig a month ago.
Come next year, I may be back to counting DCOH.