full faith and credit

Noun

Meaning

a guarantee to pay interest and principal on debt; usually issued by the United States Treasury

Hypernyms

Examples

What the F.D.I.C. does is to put the full faith and credit of the United States government behind every savings account in the nation, up to a limit that has changed over the years and stands now at $100,000. Nick Clooney

I want to state unequivocally for the world, as well as for the markets, as well as for the American people: I have no doubt that we will not lose the full faith and credit of the United States. Michele Bachmann

If you need to put your money in a safe and secure place and you want it to earn interest, Treasury bonds are safer than putting it in any bank as a deposit or putting it anywhere else, because they are backed by the full faith and credit of the United States Government. Jim Cooper

Full faith and credit of U.S. debt is sacrosanct. Source: Internet

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