释义 |
Full faith-and-credit obligations Full faith-and-credit obligationsThe security pledges for larger municipal bond issuers, such as states and large cities that have diverse funding sources.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. |