Demand For Bonds Decreases In San Bernardino
Category:
State:
Multi-State
County:
San Bernardino
Control #:
US-00415BG
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Word;
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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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(Permit Application). The demand for bonds decreases, while the supply of bonds increases, resulting in a higher equilibrium interest rate.A portion of such Bond proceeds is intended to finance the following projects in the County of San. Moreover, population growth and years of recession have created a pent-up demand for housing. A portion of such Bond proceeds is intended to finance the following projects in the County of San. Melt high in the San Bernardino Mountains. For generations, San Bernardino County has been a beacon of growth and opportunity, a trend that came to a screeching halt with the Great Recession.
