Full faith and credit

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Related to Full Faith and Credit Clause: Necessary and Proper Clause, Supremacy Clause

Full Faith and Credit

A situation in which a government agrees to repay a debt no matter what. For example, if a bond is backed by the full faith and credit of the United States, the U.S. government must find some way to repay the bond. U.S. Treasury securities, Ginnie Mae bonds, and some other debt securities are call full-faith-and-credit bonds because they have this backing. Municipalities may also attach full faith and credit to their bonds, but this means less than the credit of the United States.

Full faith and credit.

Federal and municipal governments can promise repayment of debt securities they issue because they can raise money through taxes, borrowing, and other sources of revenue. That power is described as full faith and credit.

References in periodicals archive ?
of this Note explores the Full Faith and Credit Clause of the United
the Full Faith and Credit Clause exists "reveals that nonuniformity
62) Nonetheless, the Court made clear that the creation of such an exception would undermine the purposes of the Full Faith and Credit Clause "to a substantial degree," (63) especially considering "the considerable interests involved and the substantial and far-reaching effects which the allowance of an exception would have on innocent persons.
Ake, (67) a Florida district court rejected the claim that "Congress may only regulate what effect a law may have, it may not dictate that the law has no effect at all" (68) by suggesting that "Congress' actions in adopting DOMA are exactly what the Framers envisioned when they created the Full Faith and Credit Clause.
clear purpose" of the Full Faith and Credit Clause of the
become the second sentence of the Full Faith and Credit Clause.
In his decision, Judge Moody correctly held: "The Supreme Court has clearly established that the Full Faith and Credit Clause does not require a State to apply another State's law in violation of its own legitimate public policy.
To understand why the Full Faith and Credit Clause would not force all 50 states to officially recognize the same-sex "marriage" law of a single state, one must first know and understand the Full Faith and Credit Clause, its purpose, and its history.
In the context of the federalist model, the most convincing argument in favor of the amendment is that states are actually incapable of exercising authority over marriage law due to the United States Constitution's Full Faith and Credit Clause.
70) Fortunately, Full Faith and Credit Clause jurisprudence almost uniformly supports the proposition that states will not be obligated to recognize the marriage status of same-sex couples who marry in other states.
When analyzed under Florida's statutory scheme regarding judgments and the full faith and credit clause of the U.
It is probably worth taking a moment to explain this interpretation, which at a glance could be thought to contradict the plain language of the Full Faith and Credit Clause.
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