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.
When interest rates rise, bond prices fall; generally the longer a bond's maturity, the more sensitive it is to this risk. All proposer's must fill out, sign and submit the "Certification Regarding Debarment,.The money supply has to decrease if you want interest rates to increase. When the net index is above the GSCPI, the global demand component is contributing positively to net supply chain pressures. Rather, bond prices reflect investors' expectations that longer-term yields will decline, as typically happens in a recession. Is This Yield Curve Inverted? That attorney was already in the room and stepped in to give Lewis legal counsel for the rest of the initial hearing.