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NCD

It stands for non-convertible debenture; a debenture that is not changeable/ convertible to equity shares or in any other type...

Non-Convertible Debenture

A debenture that is not changeable/ convertible to equity shares or in any other type of security of the issuer....

Convertible Debenture

A debenture that is changeable/ convertible to equity shares or in any other type of security either at the discretion...