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TeachMeFinance.com - explain PILT PILT The term 'PILT ' as it applies to the area of agriculture can be defined as ' Payments in lieu of taxes'. Previous 5 Terms: piling, sheet Pillar Box Pillow Lava Pilot Balloon Pilot Report Next 5 Terms: PIN pineal Pingo pinnate Pioneering About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.