Demand For Bonds And Interest Rate In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00415BG
Format:
Word;
Rich Text
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Description
A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.
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The Bond Counter is located at 114 Allegheny County Courthouse. Mortgagees and all other known condemnees who have an interest in the property and have not been identified in the petition.The Bonds will bear interest at the rates per annum set forth on the inside cover page. For the quarter, bond market returns were generally positive as interest rates declined. A not too mathy explanation of why bond prices, why bond prices move in the opposite direction as interest rates. Recent PAAC Debt History. Series. Amount. Interest Rate Description. When interest rates rise, bond prices generally fall. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. Remarketing Agent to set the interest rate on the 2007B Bonds.
