full faith and credit

(redirected from Full Faith and Credit Pledge)
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Noun1.full faith and credit - a guarantee to pay interest and principal on debt; usually issued by the United States Treasury
guarantee - an unconditional commitment that something will happen or that something is true; "there is no guarantee that they are not lying"
References in periodicals archive ?
Concurrently, Fitch affirms the 'AAA' on approximately $434 million in outstanding metropolitan district bonds and approximately $469 million in outstanding general obligation (GO) bonds, both of which are secured by the county's full faith and credit pledge.
Additional security for the bonds is provided by the counties' full faith and credit pledge, obligating each county to advance its general fund revenues if special assessment revenues are insufficient.
At least 88% of the GBR loans and 93% of 1990 resolution loans are estimated to be of investment-grade quality, and nearly all borrowers back their SRF loans with their communities' full faith and credit pledge.