Demand For Bonds Falls In Texas
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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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Summary of Texas bond claim and notice laws and requirements for private Texas projects including free forms, FAQs, resources and more. Procyclical. Recession. When income and wealth are falling, the demand for bonds falls, and the demand curve shifts to the left.No later than 60 calendar days after the bond closing, the Applicant must submit a series of documents to the Department. When the demand for bonds increases, prices rise and yields fall, leading to lower longterm interest rates. Suspensions of Rule. Municipal bonds currently offer higher yields and an attractive riskreturn profile.
