Full faith-and-credit obligations

The security pledges for larger municipal bond issuers, such as states and large cities that have diverse funding sources.

Full Faith-and-Credit Obligation

A 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.

单词	full faith-and-credit obligations
释义	Full faith-and-credit obligations Full faith-and-credit obligations The security pledges for larger municipal bond issuers, such as states and large cities that have diverse funding sources. Full Faith-and-Credit Obligation A 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.
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