full faith and credit

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Also found in: lawWebster's Law Dictionary
full faith and credit definition - finance
Refers to debt obligations that are guaranteed by the U.S. government. Government debt or other obligations are “backed by the full faith and credit of the U.S. government.” Because the U.S. government is very strong and stable, its taxing authority can be used to ensure that the debt obligations are honored in the event of a default by the issuer.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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law full faith and credit definition - legal

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MLA Style

"full faith and credit." Webster's New World Finance and Investment Dictionary. 2009

  • Your Dictionary. 4 July 2009
  • <www.yourdictionary.com/finance/full-faith-and-credit>

APA Style

full faith and credit. (2009). In Webster's New World Finance and Investment Dictionary

  • Retrieved July 4th, 2009, from www.yourdictionary.com/finance/full-faith-and-credit

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