full faith and credit
Definition
Full borrowing and taxing power of a government (which, if necessary, can print money to pay its debts) pledged for the full and timely satisfaction of its obligations.
full faith and credit is in the Corporate, Commercial, & General Law and Investing subjects.
full faith and credit appears in the definitions of the following terms: non-sovereign public buyer, instrumentality, treasuries, treasury bill (T-bill), combination bond, government debt, sovereign public buyer, Government National Mortgage Association (GNMA), treasury bond (T-bond) and treasury note (T-note)
full faith and credit appears in the other term: full faith and credit bond
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