| 单词 |
full-faith-and-credit bond |
| 释义 |
full-faith-and-credit bond Full Faith-and-Credit ObligationA bond secured by an unconditional promise to pay by another entity. The term usually refers to a debt security backed by the United States government. For example, a U.S. Treasury security and a Ginnie Mae pass-through are both full faith-and-credit obligations. These securities carry very low risk.full-faith-and-credit bond See general obligation bond. |
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