Risk Factors Present in Offender Risk Assessments

Risk Factors Present in Offender Risk Assessments Risk Factors Present in Offender Risk Assessments. Community correction agencies are increasingly becoming dependent on risk assessments in calculating the likelihood that an offender may re-offend. This trend is evident because of the increased cases of offences that necessitate the urgency in the development of quick risk assessment methods.Advertising We will write a custom research paper sample on Risk Factors Present in Offender Risk Assessments specifically for you for only $16.05 $11/page Learn More These risk factors are categorised into static and dynamic factors. The latter category refers to historical factors that do not frequently fluctuate such as gender, marital status, and the number of previous arrests. On the other hand, the former category refers to risk factors that can easily fluctuate in a short time and include substance abuse, mental health and criminal peers. In this section, risk factors that are severally present in offender risk a ssessments are discussed and include; the number of previous arrests, substance abuse, and mental health (Murray, 1998). Previous arrests/ Criminal Past According to relevant sources, the criminal past of an offender is the best indicator that the offender may re-offend (Murray, 1998). For instance, an offender with a single past criminal offense is approximately 39% more likely to commit another offense in the future. On the other hand, an individual with five past offenses is approximately 59% more likely to commit another offense (Lind, 2009). When an offender enters a correctional facility, the likelihood to re-offend increases; thus, the need to implement rehabilitation programs becomes inevitable. Substance abuse Approximately 80% of state and federal inmates are incarcerated for drug-related crimes, or have a past associated with alcohol or drug abuse. When offenders linked with substance abuse are sent to community supervision, the cycle tends to repeat itself (Murray, 1998) . For instance, 30% of offenders show evidence of drug abuse within the first four weeks of release from correctional facilities, (Physicians and Lawyers for National Drug Policy, 2008). Mental health Another risk factor that is included in most offender risk assessments is the mental health of the offender (Murray, 1998). Relevant sources show that several offenders commit offences as a result of some form of mental illness. In June 2008, for example, 31% of all incarcerated adult offenders were discovered to be suffering from mental disorders.Advertising Looking for research paper on criminology? Let's see if we can help you! Get your first paper with 15% OFF Learn More It has been established that offenders suffering from serious mental disorders have a rate of recidivism of 46% (Lind, 2009). As such, the risk factor is introduced to help in determining the offender sentencing process. How Community Correction Agencies use Risk Assessments. Depending on th e nature of the offence, prior convictions, drug abuse, and other risk factors, community correction agencies apply various risk assessment procedures. The methods used are classified into actuarial instruments and clinical guides. They were designed to assist supervision staff in correctional facilities to address need factors, for example, high-risk offenders are put under more supervision than low-risk offenders. In this section, the methods by which community correction agencies use risk assessments are described below. Pre-sentence Reports. Community correction agencies (CCA) use offender risk assessments to prepare pre-sentence reports (PSR) used by the courts in sentencing. As such, PSR reports give the offender risk information that aids courts in establishing the appropriate sentences (Bonta, Bourgon, Jesseman, Yessine, 2005). For instance, probation officers prepare PSR’s for high-risk offenders including their appropriate treatment recommendations. As compared to high-risk offenders, low-risk offenders may have less severe PSR with better treatment recommendations that would result in less severe sentences by the courts of law. Inmate Classification. By the aid of a Classification Officer, inmates are interviewed and assessed in order to determine the housing assignments and custody status. The final assessment is reached at through critical scrutiny of past criminal records, inmates file and the initial interview session. â€Å"Out of the assessment, inmates can be assigned to any of the custody levels that include: Maximum Pretrial or Sentenced, Medium Pretrial or Sentenced, or Minimum Pretrial or Sentenced† (Baltimore County, 2011). This defines the level of prison security at which the inmate will be put under which are; maximum security, medium-security and minimum-security respectively. Maximum-security prisons consist of closely monitored single cells while medium-security prisons consist of secure hostels supporting a maximum of 50 inmates each. Lastly, minimum-security prisons consist of unsecured hostels that correctional officers make planned visits to check for safety. Identification of Appropriate Programs/Supervision Community correction agencies conduct needs assessments on offenders to enable easier identification of the best programs that would effect change of behavior. Some of the items that are addressed during these assessments include; offender’s substance abuse, mental stability, and physical health.Advertising We will write a custom research paper sample on Risk Factors Present in Offender Risk Assessments specifically for you for only $16.05 $11/page Learn More Therefore, rehabilitation programs are scheduled for the offenders depending on the level of risk and their classifications in the above list. For instance, mentally ill offenders may be introduced to psychiatric programs; while, substance abusers put in drug rehabilitation programs (American Psych iatric Association, 2000). Strengths and Weaknesses of most Risk Assessments. Risk Assessment Tools have constantly been in use on account of their ability to identify risk of harm and offender recidivism. Most of these tools are gauged according to ease of use, applicability and accuracy of their results. On the contrary, different tools are believed to have weaknesses in terms of their complexity, lack of objectivity, and the inability to measure the risks associated with offenses (Webster, Rudiger,  Ã‚  Goran, 2002). All assessment tools are categorized under two broad sections namely; actuarial assessment and clinical decision tools as describe in the following paragraphs. Actuarial Assessment In this assessment, specialized actuarial instruments are used to assess the offender’s likelihood to re-offend through explicit rules for weighing each variable. In sexual offenses, for example, RRASOR assessment instrument is widely used (Hanson, 1997). This instrument comprises of four variables that include; prior sexual offenses, gender (male), age (25) and extra-familial victims. In accordance to the rating scale, a close correlation to these variables meant a high-risk of re-offense. Clinical Assessment Unlike actuarial assessments, a clinical assessment helps the assessor to select from a range of risk elements that have been established empirically. The evaluator uses the information to provide a general estimate of the risk posed by the offender. The Sexual Violence Rating Scale (SVR-20) is an example of a clinical decision tool for use in sexual offences (Webster, Rudiger,  Ã‚  Goran, 2002). Comparison and Conclusions According to relevant sources, actuarial assessments present the most accurate results in the prediction of recidivism (Webster, Rudiger,  Ã‚  Goran, 2002). Furthermore, the assessment instruments present an easy way of accessing and analyzing offender information for faster solutions. However, there are critics that the actuaria l rating scales used for assessment are one-dimensional and may not reflect the actual level of offender risks. Furthermore, the level of superiority in the assessment method depends on the formulation of assessment questions. For instance, questions in different stages may result in different scores for the same assessment instrument used. As such, it is not true that a certain instrument will always provide the most accurate results for all scenarios.Advertising Looking for research paper on criminology? Let's see if we can help you! Get your first paper with 15% OFF Learn More References American Psychiatric Association. (2000). Diagnostic and Statistical Manual of Mental  Disorders. Washington, DC. Baltimore County. (2011). Inmate Classification. Web. Bonta, J., Bourgon, G., Jesseman, R., Yessine, A. K. (2005). Pre-sentence reports in Canada. User Report 2005. Ottawa: Public Safety Canada. Hanson, R. (1997). Rapid Risk Assessment for Sex Offence Recidivism. Senior Research Officer. Ottawa: Ontario. Lind, K. (2009). Stopping the Revolving Door: Reform of Community Corrections in  Wisconsin. Web. Murray, C. (1998). Community Facilities for Juvenile Offenders in Washington State. Retrieved from the Washington State Institute for Public Policy Website: wsipp.wa.gov/ReportFile/1299 Physicians and Lawyers for National Drug Policy. (2008). Alcohol and Other Drug  Problems: A Public Health and Public Safety Priority. Web. Webster, D., Rudiger, M.,  Ã‚  Goran, F.  (2002). Violence Risk Assessment: Using Structured Clinical Guides Professionally.  Int ernational Journal of Reonsic Mental Health Services,  1(2),  44-49.

Rafael Trujillo Biography

Rafael Trujillo Biography Rafael Leà ³nidas Trujillo Molina (October 24, 1891-May 30, 1961) was a military general who seized power in the Dominican Republic and ruled the island from 1930 to 1961. Known as the Little Caesar of the Caribbean, he is remembered as one of the most brutal dictators in Latin Americas history. Fast Facts: Rafael Trujillo Known For: Dictator of the Dominican RepublicAlso Known As: Rafael Leà ³nidas Trujillo Molina, Nicknames: El Jefe (The Boss), El Chivo (The Goat)Born: October 24, 1891 in San Cristà ³bal, Dominican RepublicDied: May 30, 1961 on a coastal highway between Santo Domingo and Haina in the Dominican RepublicParents: Josà © Trujillo Valdez, Altagracia Julia Molina Chevalier  Key Accomplishments:  While his regime was rife with corruption and self-enrichment, he also undertook the modernization and industrialization of the Dominican RepublicSpouse(s): Aminta Ledesma Lachapelle, Bienvenida Ricardo Martà ­nez, and Marà ­a de los Angeles Martà ­nez AlbaFun  Fact: The merengue song Mataron al Chivo (They Killed the Goat) celebrates the assassination of Trujillo in 1961 Early Life Trujillo was born of mixed-race ancestry to a lower-class family in San Cristà ³bal, a town on the outskirts of Santo Domingo. He began his military career during the U.S. occupation of the Dominican Republic (1916-1924) and was trained by U.S. marines in the newly formed Dominican National Guard (eventually renamed the Dominican National Police). Generalissimo Rafael L. Trujillo (left), Commander -in-Chief of the Dominican Republic armed forces, reviews a complement of the US Destroyer Norfolk, during a recent visit of the warship here. The nation declared a special holiday in honor of the visiting personnel, who in turn were invited to inspect the thirty naval vessels of the Dominican navy. Bettmann / Getty Images Rise to Power Trujillo eventually rose to Chief of the Dominican National Police, all the while engaging in shady business deals related to the purchase of military food, clothes and equipment, from which he began to amass wealth. Trujillo demonstrated a ruthless tendency to remove enemies from the army, place allies in key positions, and consolidate power, which is how he became the commander-in-chief of the army by 1927. When President Horacio Vzquez fell ill in 1929, Trujillo and his allies saw an opening to prevent Vice President Alfonseca, who they considered to be an enemy, from assuming the presidency. Trujillo began to work with another politician, Rafael Estrella Ureà ±a, to seize power from Vzquez. On February 23, 1930, Trujillo and Estrella Ureà ±a engineered a coup that eventually resulted in both Vzquez and Alfonseca resigning and ceding power to Estrella Ureà ±a. However, Trujillo had designs on the presidency himself and after months of intimidation and threats of violence toward other political parties, he assumed the presidency with Estrella Ureà ±a as vice president on August 16, 1930. The Trujillo Agenda: Repression, Corruption and Modernization Trujillo proceeded to murder and jail his opponents after the election. He also established a paramilitary force, La 42, designed to persecute his opponents and generally instill fear in the population. He exerted full control over the islands economy, establishing monopolies over salt, meat and rice production. He engaged in blatant corruption and conflicts of interest, forcing Dominicans to buy staple food products distributed by his own companies. By rapidly acquiring wealth, Trujillo was eventually able to push out owners across various sectors, such as insurance and tobacco production, forcing them to sell to him. Vice-President Richard M. Nixon and General Rafael L. Trujillo of the Dominican Republic (right) exchange warm greetings on Nixons arrival in Ciudad Trujillo, March 1st. The visit to the Dominican Republic marked the next-to-last stage of Nixons good Will tour of Latin America. During an official motorcade through the city, Nixon was cheered by some 15,000 schoolchildren. Streets were decked with U.S. and Dominican flags. Bettmann / Getty Images He also issued propaganda proclaiming himself as the savior of a previously backward country. In 1936 he changed the name of Santo Domingo to Ciudad Trujillo (Trujillo City) and began to erect monuments and dedicate street names to himself. Despite the vast corruption of Trujillos dictatorship, his fortunes were closely tied to the Dominican economy, and thus the population benefitted as his government went about modernizing the island and undertaking infrastructure and public works projects, such as improving sanitation and paving roads. He was particularly successful in pushing industrialization, creating industrial plants for the production of shoes, beer, tobacco, alcohol, vegetable oil, and other products. Industries enjoyed special treatment, like protection from labor unrest and foreign competition. Sugar was one of Trujillos largest ventures, particularly in the post-war era. Most of the sugar mills were owned by foreign investors, so he set about buying them up with state and personal funds. He used nationalist rhetoric to back up his agenda of taking over foreign-owned sugar mills. At the end of his reign, Trujillos economic empire was unprecedented: he controlled nearly 80% of the countrys industrial production and his firms employed 45% of the active labor force. With 15% of the labor force employed by the state, this meant that 60% of the population depended on him directly for work. Although Trujillo ceded the presidency to his brother in 1952 and 1957 and installed Joaquà ­n Balaguer in 1960, he maintained de facto control over the island until 1961, using his secret police to infiltrate the population and rout out dissent using intimidation, torture, imprisonment, kidnapping and rape of women, and assassination. The Haitian Question One of Trujillos most well-known legacies was his racist attitudes toward Haiti and the Haitian sugarcane laborers who lived near the border. He stoked the historic Dominican prejudice against black Haitians, advocating a deafricanization of the nation and restoration of Catholic values (Knight, 225). Despite his own mixed race identity, and the fact that he himself had a Haitian grandparent, he projected the image of the Dominican Republic as a white, Hispanic society, a myth that persists to this day with bigoted, anti-Haitian legislation being passed as recently as 2013. A celebration in praise of President Rafael L. Trujillo Sr. The LIFE Picture Collection / Getty Images Trujillos anti-Haitian sentiment culminated in the murder of an estimated 20,000 Haitians in October 1937, when he traveled to the border and declared that the Haitian occupation of the border areas would no longer continue. He ordered all Haitians remaining in the area to be murdered on sight. This act provoked widespread condemnation across Latin America and the U.S. After an investigation, the Dominican government paid Haiti $525,000 for damages and injuries occasioned by what officially was termed frontier conflicts. (Moya Pons, 369). Trujillos Downfall and Death Dominican exiles opposed to the Trujillo regime carried out two failed invasions, one in 1949 and one in 1959. However, things shifted in the region once Fidel Castro succeeded in overthrowing Cuban dictator Fulgencio Batista in 1959. In order to help the Dominicans overthrow Trujillo, Castro armed a military expedition in 1959 composed mostly of exiles but also some Cuban military commanders. The uprising failed, but the Cuban government continued urging Dominicans to revolt against Trujillo and this inspired more conspiracies. One widely publicized case was that of the three Mirabal sisters, whose husbands had been jailed for conspiring to overthrow Trujillo. The sisters were assassinated on November 25, 1960, provoking outrage. One of the decisive factors in Trujillos downfall was his attempt to assassinate Venezuelan President Romulo Betancourt in 1960 after discovering that the latter had participated years before in a conspiracy to oust him. When the assassination plot was revealed, the Organization of American States (OAS) severed diplomatic ties with Trujillo and imposed economic sanctions. Moreover, having learned its lesson with Batista in Cuba and recognizing that Trujillos corruption and repression had gone too far, the U.S. government withdrew its longstanding support of the dictator it had helped train. On May 30, 1961 and with the help of the CIA, Trujillos car was ambushed by seven assassins, some of whom were part of his armed forces, and the dictator was killed. 6/5/1961-Ciudad Trujillo, Dominican Republic-Newsmen view the car in which Dominican dictator Rafael Trujillo was assasinated. The automobile contained about 60 bullet holes, and had blood stains on the back seat where Trujillo was seated. Late June 4th, Dominican authorities reported that two of the assassins had been killed in a gun battle with security police. Bettmann / Getty Images Legacy There was widespread rejoicing by Dominicans when they learned that Trujillo had died. Bandleader Antonio Morel released a merengue (the national music of the Dominican Republic) shortly after Trujillos death called Mataron al Chivo (They killed the goat); the goat was one of Trujillos nicknames. The song celebrated his death and declared May 30 a day of freedom. Many exiles returned to the island to tell stories of torture and imprisonment, and students marched to demand democratic elections. Juan Bosch, a populist reformer, who had been an early dissident during the Trujillo regime and who had gone into exile in 1937, was democratically elected in December 1962. Unfortunately his socialist-leaning presidency, focused on land reform, was at odds with U.S. interests and lasted less than a year; he was deposed by the military in September 1963. While authoritarian leaders like Joaquà ­n Balaguer have continued to hold power in the Dominican Republic, the country has maintained free and competitive elections and has not returned to the level of repression under the Trujillo dictatorship. Sources Gonzalez, Juan. Harvest of Empire: A History of Latinos in America. New York: Viking Penguin, 2000.Knight, Franklin W. The Caribbean: The Genesis of a Fragmented Nationalism, 2nd edition. New York: Oxford University Press, 1990.Moya Pons, Frank. The Dominican Republic: A National History. Princeton, NJ: Markus Wiener Publishers, 1998.

The management of global trade distribution Essay

The management of global trade distribution - Essay Example The company has set a vision that has worked to their advantage in expanding the company. Its vision is â€Å"Most admired by our customers, employees, business partners and shareholders for the experience and the value they enjoy being with us† (Tata Motors). The company also adopted a culture of being accountable; customer and product focused and became excellent in goods and services provision with a superb speed. The company was founded in the year 1945, and most of its vehicles are used across India, currently over 7.5 million Tata vehicles are on the roads since they started in 1954. The company set a strategic alliance with The Fiat Group Automobiles in 2005 to manufacture both Tata and Fait cars and Fait power trains. Since then, the company’s dealership, sales, services and spare parts have greatly increased to over 3,500 touch points (Sauvant, 2008, p.25). Global Distribution Tata Motors has also expanded more since its enlisting in New York Stock exchange in September 2004; thus setting its level up to an international automobile company. The company also establishes several links and association with other companies enabling it to over its goods and services in several countries like the UK, Spain, Indonesia, Thailand, South Africa and South Korea. One of the subsidiaries was the Daewoo Commercial Vehicles Company, which is the second leading manufacturer of trucks in South Korea and the other is the Jaguar Land Rover which was acquired in 2008. This enabled the Daewoo to have new products it its market giving them a chance to export the same product to international markets. Tata Company has grown internationally and established good ties with several international companies (Tata Motors). Since 1966, the company’s products were on the market of numerous continents. This includes Europe, Africa, South America, South East Asia, The Middle East and Russia. It also had some operations in Bangladesh, Ukraine and Senegal. In the yea r 2011, the company set a joint venture with Tata Africa Holding (Pty) limited to assemble both medium and heavy commercial vehicles ranging from 4 to 5o tonnes in its plant at Rosslyn, North of Pretoria. A venture was also established between Tata motors and Brazil-based buses and coaches manufactures of 51:49, a plant located at Dharwad, to manufacture busses and coaches for India. The company is currently known almost all over the world with its products that can be custom-made to fit the user’s needs and requirement (Tata motors). Strategic Issues Tata is a company that leads with trust. It believes in bringing back wealth to the community they serve. The company is inspired by nationalism, thus being kingpin of several industries of national importance to India. These are the steel, power, hospitality and airlines. This is one of the strategic plans for the company to develop a good relationship with its own country as one of the major users of their goods and services ( Tata motors). The company also used two-thirds of its equity through philanthropic trusts to open up state institutions for technology and science, medical research, arts and social studies. Through the trust, the company was also able to establish links with non-governmental organizations dealing with education, social welfare and health of the community at large (Thomsen, 2011, p.10). The company is also focused on new technologies currently available to enable the company widen its territories

Reading response Essay Example | Topics and Well Written Essays - 1000 words - 4

Reading response - Essay Example Disney movies have influenced children and adults equally well to absorb gender images which are prominent in our society. The American society in a subtle manner has recognized the gender role presented by this movie â€Å"Beauty and the Beast†. The beauty is an innocent girl who is naà ¯ve and pure. This is what our society thinks about the gender roles of male and female. Disney has tried to present the cultural beliefs and values which has nurtured the natural consciousness of Americans. â€Å" AN because Disney was so deeply embedded in the American psyche and scene, understanding him also may also enable one to understand the power of popular culture in shaping the national consciousness†. (Gabler,20) Disney has show cased what the people want to see as he knows what people believe would only be accepted by them when shown in movies. Even though there is a female lead in the story, the masculine power always stood out. The thinker Gabler states that Walt Disney’s influence on people cannot be measured by numbers but by the way it shaped the culture of Americans. It is an illusion or imagination of society where a prince or man is the superior authority in romances. It is not different from real world as man is consistently seen as the leading power in life and in all relationships. In â€Å"Beauty and the Beast† the female character is sensuous, pretty, delicate and subordinate to the male power. Kilbourne says that in media culture the importance is for power rather than passion. According to ( Kilbourne 394) â€Å"Men conquer and women ensnare, always with the essential aid of a product. The woman is rewarded for her sexuality by the man’s wealth†. Even though her male part is played by a beast, the dominating power of the character can be seen all over the movie. Disney has produced many animated movies and every movie has male characters that represent courage, power and strength. Women in this movie only have the role of

Separation of sand (SiO2) and salt NaCl Essay Example for Free

Separation of sand (SiO2) and salt NaCl Essay I am trying to separate SiO2 and NaCl.lso I will calculate the percentage of SiO2 and NaCl in the mixture. Apparatus/Chemicals * Weighing bottle * Analytical balance * Bunsen Burner * Side arm flask * Thick walled rubber tube * 5 grams of the mixture SiO2 and NaCl * Tripod * 50ml of H2O * Filter paper * Funnel * Spatulas * Evaporating dish * Clamp * Boss * Gauze Method 1. Collect all apparatus above 2. Measure approximately 5 grams of the SiO2/NaCl mixture on an analytical balance. 3. Measure 50cm3 of H2O 4. Pour SiO2/NaCl mixture into beaker with H2O. 5. Stir the solution so that the salt dissolves. 6. Set up vacuum filtration 7. Pour the mixture in the Buckner funnel. 8. Wait for the H2O to run into the conical flask. 9. Set up Bunsen burner. 10. Heat H2O left in the conical flask in an evaporating dish. 11. The H2O will evaporate leaving behind NaCl. 12. Weigh SiO2 and the NaCl. Results Weight of mixture before experiment 5.5380 After heating mixture there was SiO2 2.5221 NaCl 2.4317 2.5221+2.4317=4.9538 There was some salt and sand lost 5.5380 -4.9538=0.5894 Calculations on the percentage of SiO2 and NaCl in mixture Salt 2.4317 X100 =44% 5.5432 Sand 2.5221 X100 =45% 5.5432 Lost Sand/Salt 0.5894 X100=11% 5.5432 Conclusion My aim was to separate SiO2 and NaCl, which I did successfully to a certain extent. I lost 11 %of the mixture due to experimental error. Another part of my aim was to calculate the percentage of the SiO2 and NaCl, which I have done above. Evaluation From my results you can see I have made a major error.11% of the mixture was lost. This was due to experimental error. I cannot really say that in the mixture SiO2 had the highest percentage. This is because 11% was lost and I do not know how much of the lost percentage is SiO2 or NaCl. Whilst I was heating the evaporating dish. The H2O was spitting SiO2 out of the evaporating dish. I lost a lot of SiO2 here as it came out. In the future I can put a lid on top of the evaporating dish. Another error where I lost SiO2 was on the filter paper.Smal quantities of solid SiO2 were left on the filter paper and Buckner funnel. When transferring the mixture of SiO2 and NaCl from the weighing bottle to the beaker I could have lost some of the mixture in the bottle. Next time I do the experiment I could measure the mixture in the beaker. Therefore, I will eliminate the transferring of the mixture.

Ethnocentrism and Cultural Relativism Essay examples -- Ethnocentrism

Ethnocentrism and Cultural Relativism Ethnocentrism and cultural relativism are two contrasting terms that are displayed by different people all over the world. Simply put, ethnocentrism is defined as â€Å"judging other groups from the perspective of one’s own cultural point of view.† Cultural relativism, on the other hand, is defined as â€Å"the view that all beliefs are equally valid and that truth itself is relative, depending on the situation, environment, and individual.† Each of these ideas has found its way into the minds of people worldwide. The difficult part is attempting to understand why an individual portrays one or the other. It is a question that anthropologists have been asking themselves for years. Ethnocentrism, as stated above, means the belief that one’s own culture is above and beyond all other cultures. Although this is somewhat of a shallow definition, it still provides an adequate explanation of a very complex issue. We see ethnocentrism every single day, in all aspects of life. The United States of America is a prime example of ethnocentrism is action. The people of this country have a tendency to disregard other cultures, instead believing that American culture is the only way to go. This is not to say that this is how everyone thinks, although most people, at one time or another, have had thoughts along these lines. After the terrorist attack of 9/11, there was an immediate shift into almost hatred of any person of Arabic descent...

Corporate Bonds †Business Finance Essay

Bond – is defined as a long-term debt of a firm or the government set forth in writing and made under seal. Kinds of Bond 1. Government Bonds – are those issued by the government to finance its activities. 2. Corporate Bonds – are those issued by private corporations to finance their long -term funding requirements. Bonds as Distinguished from Stocks 1.A bond is a debt instrument while stock is an instrument of ownership. 2.Bondholders have priority over stockholders when payments are made by the company. 3.Interest payments due to bonds are fixed, while dividends to stockholders are contingent upon earning and must be declared by the board of directors. 4.Bonds have specific maturity date, at which time, repayment of the principal is due. In contrast, stocks are instrument of permanent capital financing and does not have maturity dates. 5.Bondholders have no vote and no influence on the management of the firm, except when the provisions of the bond and the indenture agreement are not met. Alternative way of bond Issuance Bonds are issued through any of the following ways: 1. Public Offering – involves selling of corporate bonds to the general public through investment bankers. 2. Private Placement – is a sale of bonds directly to an institution and is a private agreement between the issuing company and the financial institution without public examination. I. BONDS by Type of Security Debentures – are general credit bonds not secured by specific property. Mortgage Bonds – are those which are secured by a lien on specially named property as land, buildings, equipment, and other fixed assets. Assumed Bond – There are times when a corporation buys another corporation, or is merged with another. Guaranteed Bonds – is a type of bond in which the payment of interest, or principal, or both, is guaranteed by one or more individuals or corporations. Joint Bonds – There are times when a property is owned jointly by several companies. II. BONDS by manner of participation in earnings Coupon Bonds – these are bonds having attachments of a series of postdated certificates payable to the bearer for the interest over the life of the bond. Registered Bonds – these are bonds wherein the names of the owners are recorded on the transfer books of the company. Participating Bonds – these are bonds which stipulate a fixed coupon rate but which also provide a method of receiving additional income over and above this minimum sum. Bonds with Warrants – Bonds may also have warrants attached to them. The warrants is an option or a right, exercisable by its holder, to purchase stock at a stated price during a stipulated period of time. Bonds with Junior Security Attached – these are bonds which are issued along with some shares of stock in a package or block sale. III. BONDS by method of retirement Serial Bonds – is one among a group of bonds a part of which mature semi-annually or annually instead of all on a single date. Sinking Fund Bonds – Bonds may also be gradually retired with the provision of a sinking fund. Callable Bonds – The are bonds with provisions that the terms of the issue can be cancelled or called. Convertible Bonds – These are bonds which may be exchanged for the common stock of the issuing corporation at a fixed price, at a pre-determined redemption date and at the option of the bondholder. Perpetual Bonds – These are bonds which cannot be redeemed by demanding repayment. THE INDENTURE AND TRUSTEE Indenture – is a contract between the corporation and the trustee on behalf of the bondholders. Trustee – is a person who handles monies or property on behalf of another in a trust.