Bond Demand And Interest Rates In San Diego
Category:
State:
Multi-State
County:
San Diego
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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IBank issues four types of bonds and the criteria and eligibility for each are described below. The San Diego Housing Commission (SDHC) offers deferred-payment loans and homeownership grants to help low- and moderate-income families buy their first homes.Banks and credit unions can redeem savings bonds over the counter. Find out more about becoming an agent and redeeming savings bonds. The California Debt and Investment Advisory Commission (CDIAC) provides information, education, and technical assistance on debt issuance and public. Banks and credit unions can redeem savings bonds over the counter. Find out more about becoming an agent and redeeming savings bonds. How does changing interest rates affect bond yield and prices? Explore bond investing strategies for different market environments. In general, bond prices rise when interest rates fall and vice versa.
