Demand For Bonds And Interest Rate In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00415BG
Format:
Word;
Rich Text
Instant download
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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A bond covenant is a legally binding term of an agreement between a bond issuer and a bondholder, designed to protect the interests of both parties. Start your journey toward a thriving tech career with our tuition-free training programs.If the bond price goes up, the interest rate—or cost of the loan—goes down. Supply and demand in the bond market. Initiating the goals set out in the long-term strategic plan and a reinvestment strategy for the future quality of life in the community. Contributions are automatically invested in the Vanguard Total Bond Market Index Fund.
