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.
On Feb 21, 2024 the Oakland School Board decided to refer a bond measure to the voters in the upcoming May 2024 ballot. The money supply has to decrease if you want interest rates to increase.This Invitation to Tender Bonds, dated October 26, 2023 (as it may be amended or supplemented, this. I. Approach to Debt Management. The City's approach to its financings is to ensure continued market access at the lowest cost of borrowing. The point being that this bond funding was envisioned to be the puzzle piece to complete proposals that need a bit more money to become viable.