Demand In Bond Market In Oakland
Category:
State:
Multi-State
County:
Oakland
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 new study suggests the Port of Oakland's debt structure may be more complicated than those of othe. Exempt Bonds and hopes to receive as early as August 2021.Due to competitiveness in the bond market, project may not be awarded funds in first application. Deposit services that offer their customers a safe repository for money in the form of Federallyinsured demand and time deposit accounts. Revenue from unlimited ad valorem taxes levied on taxable property within the city secures the city's GO bonds. We believe that the Federal Reserve should establish a program to provide muchneeded liquidity to the shorttenn municipal bond market.
