Full Faith-and-Credit Obligation

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Full Faith-and-Credit Obligation

A bond secured by an unconditional promise to pay by another entity. The term usually refers to a debt security backed by the United States government. For example, a U.S. Treasury security and a Ginnie Mae pass-through are both full faith-and-credit obligations. These securities carry very low risk.
References in periodicals archive ?
6 billion outstanding Florida full faith and credit bonds.
Nearly all of Florida's full faith and credit bonds are secured by specific revenues.
Fitch also affirms the 'AA+' rating of approximately $12 billion outstanding Florida full faith and credit bonds.
E[acute accent]Florida's full faith and credit bonds are secured by specific revenues.
Florida's full faith and credit bonds also carry a pledge of specific taxes for each type of debt.
5 billion outstanding `AA' full faith and credit bonds are affirmed, and the credit trend remains stable.
Fitch also affirms its 'AA+' rating of approximately $12 billion outstanding Florida full faith and credit bonds.
1 billion outstanding full faith and credit bonds is affirmed.
6 billion outstanding full faith and credit bonds of the state is affirmed and the credit trend remains stable.
Florida full faith and credit bonds also carry a pledge of specific taxes for each type of debt.