Demand For Bonds Falls In Arizona
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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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All licenses expire at a.m. , one year from the date of issuance, and must be renewed to remain active.Inflation and changing interest rates impact a bond's price. A rise in either interest rates or the inflation rate usually make bond prices drop. Get your trustee bond with fast and easy approval when you choose The Surety Place as your bonding partner. We an write any bond in any state! Procyclical. Recession. When income and wealth are falling, the demand for bonds falls, and the demand curve shifts to the left. In a vacuum, this would make instate bonds more attractive for Massachusetts residents and less attractive for Arizona residents. Unformatted text preview:more liquid, the demand curve for bonds shifts to the _____ and the interest rate _____.
