NCD meaning in Banking ?

Answer:

What is Non Convertible Debentures mean?

In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term "debenture" originally referred to a document that either creates a debt or acknowledge it, but in some countries the term is now used interchangeably with bond, loan stock or note. A debenture is thus like a certificate of loan or a loan bond evidencing the company's liability to pay a specified amount with interest. Although the money raised by the debentures becomes a part of the company's capital structure, it does not become share capital. Senior debentures get paid before subordinate debentures, and there are varying rates of risk and payoff for these categories.

Debentures are freely transferable by the debenture holder. Debenture holders have no rights to vote in the company's general meetings of shareholders, but they may have separate meetings or votes e.g. on changes to the rights attached to the debentures. The interest paid to them is a charge against profit in the company's financial statements.

The term "debenture" is more descriptive than definitive. An exact and all-encompassing definition for a debenture has proved elusive. The English commercial judge, Lord Lindley, notably remarked in one case: "Now, what the correct meaning of ‘debenture’ is I do not know. I do not find anywhere any precise definition of it. We know that there are various kinds of instruments commonly called debentures."

reference

Full Form	Category
No Cyclical Decline	Academic & Science
Nitrogen Chemiluminescence Detectors	Academic & Science
Non Convertible Debentures	Banking
A T & T Capital Corporation	Business
No Claims Discount	Business
Non-Convertible Debenture	Business
Negotiable Certificate of Deposit	Business
Natural Church Development	Community
New Church Development	Community
Neighborhood Conservation Districts	Community
Neighborhood Conservation District	Community
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Needless Character Death	Computing
Norton Change Directory	Computing
Nero Cover Designer Document	Computing
Network Computing Devices	Computing
Navy Cyber Defense	Computing
Network Connectivity Device	Computing
Network Connected Devices	Computing
Non Communicable Disease	Disease
Non Communicable Diseases	Disease
No Communicable Disease	Disease
Internal Tree Data (norton Changedirectory)	File Type
Non-City Delivery office	General
Normalized Compression Distance	General
Natural Collections Descriptions	General
National Control Devices	General
North Central District	General
Natural Cellular Defense	General
National Comparison Deciles	General
Non Content Data	General
Network Configuration Daemon	General
National Castration Day	General
No Claim Discount	General
New Car Dealer	General
Natural Capital Declaration	General
New Car Discount	General
Nox Control Diagnostic	General
Normal Control Diet	General
No Claims Declaration	General
Non Claret Disjunctional	General
National Coverage Determinations	General
Narcotics Control Division	Governmental
National Council on Disability	Governmental
National Crime Data	Governmental
Next Court Date	Governmental
National Coverage Determination	Healthcare
Nearly Completely Decomposable	Maths
Not Considered Disabling	Medical
Number Of Concomitant Drugs	Medical
Non-continous Duty	Military and Defence
Net Control Device	Military and Defence
National Commission on Democracy	Regional
North Central Division	Sports