A bond purchase agreement (BPA) is a contract between a buyer and a seller in which the buyer agrees to purchase a specified amount of bonds from the seller at a specified price. The BPA will specify the type and quantity of bonds to be purchased, the price at which the bonds will be purchased, the payment schedule, and any other terms and conditions that the parties have agreed to. What is the difference between contract and bond? A contract is an agreement between two or more parties to perform a certain task or exchange certain goods or services. A bond, on the other hand, is a debt security issued by a government or corporation in order to raise capital. Bonds are typically issued in denominations of $1,000 and have a fixed interest rate and maturity date. Is a BPA a contract action? A BPA is a contract action, which means that it is an agreement between two parties to exchange something of value. In this case, the two parties are the buyer and the seller of the BPA, and the value exchanged is the price of the BPA. What are some specific features of bond agreements? A bond agreement is a contract between a bond issuer and a bondholder that lays out the terms and conditions of the bond. The agreement includes the coupon rate, maturity date, and other important details. Is a BPA considered a contract? A BPA is not generally considered to be a contract. However, there may be certain circumstances in which a BPA could be considered to be a contract, such as if the BPA was part of a larger contract or agreement. What is another common name for contract bonds? One common name for contract bonds is surety bonds.