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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.
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[51] While the full faith and credit obligation regarding judgments is exacting, it does not require a state to adopt the practice of an other state regarding the time, manner, and mechanism for enforcing judgments.
The Florida Enforcement of Foreign Judgments Act: What time limit ... by Franchino, Thomas W. / Florida Bar Journal
67 million full faith and credit obligations series 1999 dated June 1, 1999 due June 1, 2009.
S&P Lowers Multnomah County School District 1J, Oregon GO Bond Ratings by PR Newswire
SECURITY: State guaranty - full faith and credit obligation of the state of Utah, on par with the state's GO bonds.
Fitch Affirms Utah School Bond Default Avoidance Program at 'AAA'; ... by Business Wire
 
 
 
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