Give the meaning of Fully Convertible Debenture.
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A fully convertible debenture (FCD) is a type of debt security in which the entire value is convertible into equity shares at the issuer's notice. The ratio of conversion is decided by the issuer when the debenture is issued. Upon conversion, the investors enjoy the same status as ordinary shareholders of the company.
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This is meaning of Fully Convertible Debenture
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