Demand In Bond Market In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
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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A primer on the basics and complexities of the global bond market. Municipal finance is our sole business and focus.Since inception, we have provided financial advisory services in over 2,654 municipal transactions for a. The bond market is the collective name given to all trades and issues of debt securities and include corporate, government, and municipal bonds.
