BASIS OF ALLOTMENT
A Bond is a fixed income instrument issued by either the Government or Corporates to raise money from investors. A bond pays back the prinicpal amount upon maturity and interest as per the stated terms (annually, quarterly, etc.). Bond, Debenture, NCD (Non-Convertible Debenture) mean the same and are used inter changeably. Simply put, its like a loan to the company which can be traded like one trades stocks.