Demand For Bonds And Interest Rate In San Bernardino
Category:
State:
Multi-State
County:
San Bernardino
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.
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The California Debt and Investment Advisory Commission (CDIAC) provides information, education, and technical assistance on debt issuance and public. Com or fax to .Let us find the commercial loan or apartment loan that is right for you. Find out why the difference between the coupon interest rate on a bond and prevailing market interest rates has a large impact on how bonds are priced. The City of San Bernardino requires contractors performing construction in the city to obtain a Permit Bond. The bond represents a financial guarantee. Median Unemployment Length (Weeks). Category.
