Non Convertible Debentures Law and Legal Definition
Non convertible debentures are instruments that cannot be converted in to equity shares. Since non convertible debentures are non-convertible, they usually carry higher rates of interest. The debenture holder will have no present or future stake in the company due to the non-convertibility element. They will have a specified life term. At the end of the stipulated period the company redeems the debenture. Non-convertible debentures are backed by those assets which already not been pledged for some other loan(s).
Legal Definition list
- Non Contingent Debt
- Non Contestability Clause
- Non Conformity
- Non Conforming Goods
- Non Compos Mentis
- Non Convertible Debentures
- Non Culpabilis
- Non Cumulative Dividend
- Non Damnificatus
- Non Debeo Melioris Conditionis Esse, Quam Auctor Meus A Quo Jus In Me Transit
- Non Debet Actori Licere, Quod Reo Non Permittitur
Related Legal Terms
- Ab Abusu Ad Usum Non Valet Consequentia
- Ab Assuestis Non Fit Injuria
- Absoluta Sententia Expositore Non Indiget
- Accessorium Non Ducit Sed Sequitur Suum Principale
- Actus Me Invite Factus Non Est Meus Actus
- Actus Non Facit Reum Nisi Mens Sit Rea
- Ad Quaestiones Facti Non Respondent Judices; Ad Quaestione Legis Non Respondent Juratores
- Administration De Bonis Non
- Administration De Bonis Non Cum Testamento Annexo
- Administrator De Bonis Non [D.B.N]
