Demand In Bond Market In Sacramento
Category:
State:
Multi-State
County:
Sacramento
Control #:
US-00415BG
Format:
Word;
Rich Text
Instant download
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.
Form popularity
More info
A demand request is used only to request the fees due on a specific code compliance case. 1. A: Yes, projects financed through PARBs must be open to the public.The County issues various types of municipal bonds to obtain funding for a variety of purposes and projects. People can examine their assessed value with Sacramento County's Assessed Value Lookup tool. As demand for bonds increases, so do bond prices and bondholder returns. Demand drive prices higher.
