Demand For Bond Market In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00415BG
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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. Pima County Government services and news including Tucson, Marana, Ajo, Oro Valley, Sahuarita, Three Points and Arivaca.MUNI MARKET OVERVIEW: Why Do Investors Buy Municipal Bonds? • Generate tax-free income stream. MUNI MARKET OVERVIEW: Why Do Investors Buy Municipal Bonds? • Generate tax-free income stream. Get access to our Dismantling Myths of Investing webinar on demand. "This board is totally out of touch with that reality," Hernandez said. Some current refunding deals were placed to refinance outstanding Build America Bonds in the taxable municipal market. The district's allin debt service coverage (DSC) in fiscal year 2017 grew to 1.9x up from 1.4x in fiscal 2013.
