In finance, a bond is an instrument of indebtedness of the bond issuer

to the holders. It is a debt security, under which the issuer owes the
holders adebt and, depending on the terms of the bond, is obliged to
pay them interest (the coupon) and/or to repay the principal at a later
date, termed the maturity date.

COMMERCIAL LOT FOR SALE – Mabalacat Pampanga

2000 square meter prime commercial lot

Price Per Square Meter : P12,000.00/square meter

Location : McArthur Hiway Mabalacat Pampanga
Current Usage : Raw Land
Accessibility : Accessible by public transport 24hour
Improvement : None

Last week, the Monetary Board—the country’s policy-making body on money,

banking and credit—changed the legal rate of interest for loan and credit agreements.
Through Circular No. 799, the board declared that, effective July 1, “the rate of
interest for the loan or forbearance of any money, goods or credits and the rate
allowed in judgments, in the absence of an express contract as to such rate of interest,
shall be 6 percent per annum.”
This means that if the parties fail to state in writing the interest payable on any of the
transactions mentioned, or on account of a court judgment involving a related money
claim, the imposable interest is 6 percent every year.
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The circular amends an issuance of the board in 1974, or 39 years ago, that fixed the
legal interest at 12 percent per year.