full faith and credit
- n a guarantee to pay interest and principal on debt; usually issued by the United States Treasury
full faith and credit :
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- How to Avoid Getting Burned by Bonds
In financial circles, it is well established that there is really only one reason why investors would chose to put their money in U.S. Treasury bonds: Safety. You put your cash in and you're guaranteed by the full faith and credit of the U.S. government to get it all back. That's assuming you plan to [...]
June 28, 2013 - Yahoo! Finance: Breakout - Priest, Spook And Banker Arrested In Vatican Bank Probe
Nearly a year after revelations of financial fraud involving the Vatican Bank, and months after a German lawyer was picked to become the new head of the bank that is collateralized by the full faith and credit of Catholicism, the scandal is back following news tha a cleric, a spook and a banker were arrested as part of the ongoing Italian investigation into the troubled bank. From Reuters: A ...
June 28, 2013 - Zero Hedge