Public credit


Also found in: Wikipedia.
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

Mentioned in ?
References in classic literature ?
Is public credit an indispensable resource in time of public danger?
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.
In this regard and with the purpose of formalizing the allocation of these resources, the Deputy Minister of Agricultural Affairs, Samuel Zambrano, held a meeting with officials of the National Planning Department (DNP) and the Ministry of Finance and Public Credit, in order to Draw a roadmap that allows this objective.
What's more, less than 10 per cent of adults in low and middle-income countries are on file in public credit registries.
Ecopetrol SA (BVC:ECOPETROL) (NYSE:EC) declared on Tuesday that Colombian Ministry of Finance and Public Credit has subscribed for the Declaration of the Nation in its role as majority shareholder.
As a very important source of strength and security, cherish public credit.
IVF was created as the vehicle for the regional government to implement its financial policy and channel public credit to promote the economic and social development of the region.
Market friendly reforms have been proposed including task force for public credit registry, framework for authorizing electronic trading platform, proposal for foreign exchange trading platform for retail users for better pricing and measures to improve sales," said RBI deputy governor, Viral Acharya.
Three case chapters examine public credit and the emergence of a money and credit system in the US in the aftermath of the American Revolution; states, money, and credit in India under the Mughal rulers; and the history of banks, the money market, and the state in the US, from 1790 to 1836.
Luis Videgaray Caso, Secretary of Finance and Public Credit of Mexico during the session 'Emerging Economies at a Crossroads' at the Annual Meeting 2013 of the World Economic Forum in Davos, Switzerland.
By replacing the feckless Articles of Confederation with the more robust Constitution and then implementing the recommendations of Alexander Hamilton's "Report on Public Credit," the founding generation established a military power able to throw its ever-increasing weight around.