Bond Demand And Interest Rates In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00415BG
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Word;
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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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For this reason, Fairfax County's bonds sell at relatively low interest rates compared to other tax-exempt bonds. 5 general election, Fairfax County voters will be asked to vote YES or.The bond amount is the full amount of the cost estimate plus contingencies, engineering costs and inflation. Explore and invest in Fairfax Financial Holdings Ltd. FCEDA is the purveyor of industrial revenue bonds for the Fairfax NOVA region, helping to promote industry and develop trade in Northern Virginia. The Authority will issue the 2023 Bonds. (in one or more series) and use the proceeds thereof to (a) finance or reimburse the costs of the Series 2023.
