Full-Faith-and-Credit Pledge

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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 pledge

In a municipal obligation, a pledge of the full financial resources and taxing power of the issuer. A full-faith-and-credit pledge is an important element of general obligation bonds. See also special assessment bond.

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No references found			Consideration was given to the issuance of general obligation bonds, which would have several advantages: 1) the city's full-faith-and-credit pledge for debt repayment, resulting in lower interest rates and 2) the low cost of issuance because the legal structure is less complex than other methods. Innovative financing paves the way for road improvements by Nasi, Patrick A.; Chiles, Laura Lashley / Government Finance Review			full capacity Full Carry Full compensation full coupon Full Coupon Bond full disclosure Full Duplex Full Employment Full Employment and Balance Growth Act of 1978 Full Employment and Balanced Growth Act of 1978 Full Faith and Credit Full Faith-and-Credit Obligation Full Faith-and-Credit Obligations full price Full Ratchet full reconveyance Full Recourse Full Retirement Age full service Full Set of Bills of Lading Full Showing Full Stock Full Trading Authorization Full Vesting Full-Faith-and-Credit Bond Full-Faith-and-Credit Pledge Full-Payout Lease Full-Service Broker Full-Service Brokerage Firm full-service gross lease Full-Service Lease Full-Time Student fully amortizing loan Fully Amortizing Payment Fully Depreciated Fully diluted earnings per share Fully Diluted Shares Fully Distributed Fully Indexed Rate Fully Invested Fully Modified Pass-Throughs Fully Subscribed Fully Taxable Pensions fully valued Fumi Age Fun Money Functional currency functional obsolescence Fund Fund assets Fund Family			Full-Depth Reclamation Full-Diversity Full-Rate full-dress full-dress uniform Full-drive Full-duplex Full-Duplex Data Transmission Full-duplex Ethernet full-duplex operation Full-Duplex Relaying Full-Duplex Speaker Phone full-duplex Switched Ethernet full-ended full-facade portico full-façade portico full-face full-face firing full-face tunneling Full-Face, Air-Purifying Respirator Full-Face, Pressure Demand full-faced Full-Faith-and-Credit Full-Faith-and-Credit Full-Faith-and-Credit full-faith-and-credit bond Full-Faith-and-Credit Bonds Full-Faith-and-Credit Pledge Full-Faith-and-Credit Pledges Full-Faith-and-Credit Pledges Full-Faith-and-Credit Pledges full-fashioned Full-Fat Sunflower Kernel Full-Fat Sweet Lupin Flour full-featured software Full-Fed full-feed Full-Flavor Low Tar full-fledged full-fledged Full-Flow Settling full-flush door Full-formed Full-frame Full-Frame Bit-Allocation full-frontal Full-frontal nudity Full-frontal nudity Full-function Zero Emission Vehicle Full-Fuzing Options full-gear full-grown full-grown Full-hearted full-heartedly full-heartedness Full-height Full-height

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