full faith and credit

Definition

An unconditional commitment to pay interest and principal on debt, usually issued or guaranteed by the U.S. Treasury or another government entity.

Cite this definition


Related Terms

combination bond, credit, Savings Bond, Treasuries, GNMA, unlimited tax bond

'full faith and credit ' appears in the definitions of these terms on BusinessDictionary.com



Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Add this Glossary to your Site | Bookmark InvestorWords.com
Home | Terms by Subject | Keyword Advertising | About Us | Contact Us
Work for InvestorWords.com
BusinessDictionary.com | InvestorGuide.com | WebFinanceInc.com
Disclaimer and Copyright©

Copyright©1997-2008 by WebFinance, Inc. All Rights Reserved.
Unauthorized duplication, in whole or in part, is strictly prohibited.