compliance, or performance. It is a unique tripartite contract involving three parties – the surety, the principal, and the obligee. In a surety bond agreement, the surety guarantees the obligations or performance of the principal to the obligee. It can be seen as an insurance or a ...
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Maintenance bond. Themaintenance bondis a type of surety bond purchased by a contractor that protects the owner of a completed construction project for a specified period against defects and faults in materials, work quality, and design that could arise later if the project was incorrect. Construct...
A sinkable bond is a type of bond that gives the bondholder the option to sell the bond back to the issuer at a predetermined price and time. This feature makes the bond “sinkable” because the bondholder has the ability to “sink” or return the bond to the issuer. Key Takeaways A...
In today’s post, we’ll unravel the concept of bond discount and explore its implications in the world of finance. Whether you’re an investor, a financial professional, or simply someone curious about how bonds work, understanding bond discount is crucial. So, grab your notepad and let’s...
Shorter Bond Maturity → Lower Interest Rate Risk + Lower Coupon Rate (%) The longer the borrowing term, the more uncertainties and unforeseeable variables there are associated with the borrowings, which results in a higher required rate of return, i.e. the cost of debt embedded in the intere...
Once a bank draft is given to the person it was intended for, it cannot be cancelled. You, as the purchaser, are responsible for delivering the draft to the payee. If you lose it, you will have to take several steps to get a new draft, which may include providing asurety bondor sig...
Payment Bond. Concessionaire shall file with Casitas a surety bond to be approved by Casitas in a sum of not less than one hundred percent (100%) of the total amount payable by the terms of the construction contract, conditional as provided by Section 3247 of the Civil Code. b. ...
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This would reduce cases of women having to be paid less as compared to men just because of lack of gender equality. They have continued to say that this would have a major impact on the quality of services and goods that would be produced due to the surety to the women that their ...