NCD
Market basicsNon-Convertible Debenture — a tradeable corporate bond sold to the public.
In plain terms
Best case a few percent extra; worst case the principal. The rating is the most informative line.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Deposit insurance
Regulation & taxStatutory cover protecting bank deposits up to a prescribed limit, written per depositor per bank rather than per account.
In plain terms
Bank FDs have it; corporate FDs, NCDs, credit societies and NBFC deposits have nothing equivalent, and that gap is most of the yield difference. Six accounts at one bank share one limit — the unit that multiplies the cover is the bank.