BOND MEASURE Meaning and
Definition
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A bond measure refers to a proposal made by a government or public agency seeking to generate funds through the issuance of bonds. It is a specific ballot initiative designed to gain voter approval in order to finance various public projects and infrastructure developments, such as the construction of schools, highways, parks, or hospitals. Typically, a bond measure outlines the specific purposes for which the borrowed money will be used and the total amount of bonds to be issued.
These measures are commonly used by local governments and municipalities to raise capital for projects that require significant funding beyond their current budgets. The funds are obtained by borrowing from investors, who buy the bonds and are repaid with interest over a specified period, usually by levying taxes or imposing fees on the local community.
Bond measures are a democratic way to secure public input and consent before using public funds for large-scale projects. Before being adopted, a bond measure must go through a rigorous process encompassing planning, public discussions, and legislative approvals. Once approved by voters, the measure becomes a legal authorization for the government to issue bonds and proceed with the designated projects.
Bond measures are a crucial tool for financing public infrastructure, as they allow governments to tackle major initiatives without excessive strain on their current budgets. They offer a means to finance essential developments, promote economic growth, and improve the quality of life for residents within a community.
Common Misspellings for BOND MEASURE
- vond measure
- nond measure
- hond measure
- gond measure
- bind measure
- bknd measure
- blnd measure
- bpnd measure
- b0nd measure
- b9nd measure
- bobd measure
- bomd measure
- bojd measure
- bohd measure
- bons measure
- bonx measure
- bonc measure
- bonf measure
- bonr measure
- bone measure
Etymology of BOND MEASURE
The word "bond measure" is a compound term made up of two separate words: "bond" and "measure". Here is the etymology of each word:
1. Bond:
The word "bond" comes from the Old English word "bonda", meaning "a householder" or "freeholder of land". It is also related to the Old Norse word "böndi", meaning "husbandman" or "farmer". The sense of "binding together" or "tie" emerged in Middle English, eventually leading to the use of "bond" to refer to a legal contract or obligation to pay a debt.
2. Measure:
The word "measure" originates from the Latin word "mensura", meaning "a measuring" or "a measure". In English, its usage evolved from indicating an action or process of measuring to refer to a standard unit of measurement.
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