Demand For Bonds Increases In Hennepin
Category:
State:
Multi-State
County:
Hennepin
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 bonds are scheduled for a competitive sale during the week of Aug. 15. 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.Apply for cash assistance online or in person. Eligibility guidelines for families, refugees, adults without children, seniors and people with disabilities. In summary, rising expected inflation rates lead to decreased bond demand, increased bond supply, and higher interest rates in the bond market. Learn the complete process for Hennepin County notary registration. Discover steps, fees, and benefits to start your notary journey.
