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What Is Non Convertible Debentures (ncd)? |
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Answer» Nonconvertible debentures are unsecured BONDS that cannot be converted to company equity or stock. Nonconvertible debentures usually have higher interest rates than CONVERTIBLE debentures. A fixed deposit is an arrangement with a bank where a DEPOSITOR PLACES money in the bank and is paid a regular fixed profit. Debentures are long-term financial instruments which acknowledge a debt obligation towards the issuer. Some debentures have a FEATURE of convertibility into shares. Nonconvertible debentures are unsecured bonds that cannot be converted to company equity or stock. Nonconvertible debentures usually have higher interest rates than convertible debentures. A fixed deposit is an arrangement with a bank where a depositor places money in the bank and is paid a regular fixed profit. Debentures are long-term financial instruments which acknowledge a debt obligation towards the issuer. Some debentures have a feature of convertibility into shares. |
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