FREE Account Opening + No Clearing Fees
Loading...

NCD Glossary - Definitions, Abbreviations, Terminology and Meaning

Understand the meaning of popular words related to IPO.

If you don't find answer of your question, do not hesitate to ask our expert team. Ask Your Question

NCD Definitions, Abbreviations, Meanings

S No Term Definition Feedback
1Unsecured NCD IssueWith unsecured NCDs issue, investors cannot reclaim the amount if the company defaults.0
2NCD Public IssueThese NCDs are listed and are traded in stock exchanges.0
3Issue Size (Shelf) NCDThe shelf issue size is the maximum size of an NCD in case of an over-subscription of the issue.0
4Basis of Allotment of NCDThe process by which applicants will be selected for allotting the NCDs is called the basis of allotment.0
5TenorThe predetermined fixed period of time for each series of the NCD needs to be held by an investor before redemption.0
6Interest on RefundThe interest paid by the issuing company to an applicant who doesn't get NCD allotment.0
7Coupon RatesThe fixed rate of returns offered by the company for each series of the NCD.0
8Coupon IncentiveThe extra coupon rate is offered in some NCDs for certain category of investors like senior citizens or retail investors etc.0
9Deemed Date of AllotmentThe date set by the Board or the NCD Committee for allotment of the NCD.0
10NCD Record DateThe date by which investors must own the NCDs to be eligible for the payment of interest or repayment of principal.0
11Issue Size (Base) NCDThe base Issue size is the minimum size of an NCD issue specified by the issuer.0
12Recovery expense fund (REF)REF is a fund created by the NCD issuer to manage the deposit of debt securities with the stock exchange.0
13NCDNon-Convertible Debentures (NCDs) are fixed income instruments issued by corporations to raise money from the public.0
14Payment FrequencyIt is a frequency of interest payment to the investors.0
15Debenture TrusteeDebenture Trustee is a liaison between the issuer company and the debenture holders, who hold the secured property on behalf of the issuer company, which is mortgaged in favor of debenture trustee for protecting the interest of debenture holders.0
16NCD SeriesA NCD comes in multiple series with each series having different coupon rate, tenor, payment frequency etc.0