Demand For Bonds Falls In Queens
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State:
Multi-State
County:
Queens
Control #:
US-00415BG
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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 will be issued as registered bonds. In a recession, when income and wealth are falling, the demand for bonds falls, i.e., the demand curve shifts to the left. This report from New York City Comptroller Scott M. Stringer documents the role that money bail plays in New York City's criminal justice system. Fixed income refers to those types of investment securities that pay investors fixed interest or dividend payments until they mature. Payment Bonds are filed in the County Clerk's Office in the County where the work occurred, usually within 30 days of signing. Interest rates and bond prices generally move in opposite directions. Thus, when interest rates go up, the price of fixed-rate bonds usually falls. Gain in-demand certifications, professional development support, and direct connections to top employers. If you are interested in applying for affordable housing visit NYC Housing Connect to sign up and create an account or login to an existing account.
