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.
Online Demand Request Form. Please note that demand requests with open code violation cases will be rejected until they have been brought into compliance.This program will help you write a letter that formally requests the money you are owed. This is called a Demand Letter. As demand for bonds increases, so do bond prices and bondholder returns. The Bonds will be payable and secured solely from Lease Revenues (as defined herein), consisting primarily of Base. By Sri Taylor, Bloomberg. As of July 7, 2022,. INVESTMENTS 11 A complete list of the fund's investments with their market values. Walker is currently being held at Riverside Regional Jail without bond.