Public credit

The reputation of, or general confidence in, the ability or readiness of a government to fulfill its pecuniary engagements.
The ability and fidelity of merchants or others who owe largely in a community.
See under Credit.

See also: Credit, Credit, Public

References in classic literature ?
Another prominent feature is the love of 'smart' dealing: which gilds over many a swindle and gross breach of trust; many a defalcation, public and private; and enables many a knave to hold his head up with the best, who well deserves a halter; though it has not been without its retributive operation, for this smartness has done more in a few years to impair the public credit, and to cripple the public resources, than dull honesty, however rash, could have effected in a century.
Washington, though in retirement, was brooding over the cruel injustice suffered by his associates in arms, the warriors of the Revolution; over the prostration of the public credit and the faith of the nation, in the neglect to provide for the payments even of the interest upon the public debt; over the disappointed hopes of the friends of freedom; in the language of the address from Congress to the States of the eighteenth of April, 1788--"the pride and boast of America, that the rights for which she contended were the rights of human nature.
It is crucial for Colombia to have had the support and assistance of the World Bank on issues as relevant as the ones being acknowledged by this credit operation, which will allow it to consolidate a sustainable path to economic growth in the medium and long term, said Mauricio Cardenas, Minister of Finance and Public Credit.
As of June, the eurozone countries, the European Central Bank and the International Monetary Fund had provided the Greek government and banking system with 344 billion euros ($375 billion) worth of public credit - nearly double Greece's annual economic output, or about 31,000 euros ($33,000) for each Greek citizen.
The data includes online activities, virtual assets, payment behaviour, purchase activities, social network information, public credit information, chat content, friends, etc.
Also, public credit ratings will be needed to classify assets that banks must hold as part of stricter Basel III regulations, which are being phased in around the world.
Bank Al-Magrib has always worked with IFC to acquire industry expertise and for financial support," said Khalid Zbir, Head of Branch Network and Public Credit Registry Department of Bank Al-Maghrib .
While newspapers that are close to the government easily receive millions and millions of lira in credit from public banks and publish the advertisements of public institutions, the newspapers that are critical of the government do not receive public credit, do not get advertising deals from public institutions and are under heavy financial scrutiny on the part of governmental institutions.
The credit support provided by the ECB and the community of nations is not reflected in a positive correlation between the German current account surplus and this public credit, since the public credit largely replaced the private capital.
It goes on to say, "[N]o such grant, appropriation or use of public money or property or loan of public credit shall be made or authorized for the purpose of founding, maintaining or aiding any church, religious denomination or society.
KABUL (PAN): For the first time, an online public credit registry system is being launched in Kabul to reduce risks, ensure transparency in loans, speedy transactions and healthy competition.
Mexico's Finance and Public Credit Secretariat says it expects the country to attract a record amount of foreign direct investment (FDI) in 2013, and that in the first quarter of the year it had already attracted 40 percent of last year's total sum.