do you know what "full faith and credit" is?
glossary FAQ: glossary.
Z. Mckinney from Netherlands
08 August, 2009
A phrase used to describe the unconditional guarantee or commitment by one entity to back the interest and principal of another entity's debt. This full faith and credit commitment is typically employed by a government to help lower the borrowing costs of a smaller, less stable government or a government-sponsored agency. When this occurs, the smaller government or agency takes on the backer's credit quality.
The Government National Mortgage Association (GNMA) is one example of a government agency that is backed by the full faith and credit of the U.S. Government. It is generally accepted that the U.S. Government will never default on its loan obligations. The full faith and credit of the U.S. Government essentially confers risk-free status to securities such as U.S. Treasuries. Similarly, securities backed by GNMA mortgages have lower yields than other mortgage-backed securities because they are assumed to carry less risk. Visit EToro USA
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- Background:
- MoneyForex is a retail ECN foreign exchange service provider that resides at 2nd Floor 145-157 St. John Street London EC1V 4PY United Kingdom. Though starting off to a simple start, and over the prior several years, it has turned into one of the most proliferant platforms in the world.
- MoneyForex's Specs:
- This is a download based platform, but it is also most smooth working. MoneyForex makes an honest effort to keep you near by with a customer support service and round the clock access. MoneyForex's presentation is extremely pleasant. I even I caught my wife stealing a glance at it a couple of times.. I guess I kinda like this one. Although MoneyForex has a minimum deposit that's not especially low, (250 dollars - but what can you do, you gotta start somewhere, so what the hey, right?), If you're just a first time user, this one's an excellent pick as it provides an uniquely fabricated beginner centered platform. You should also know, that whether you prefer Arabic, English, Chinese or Dutch (or any other of a host of other languages), you may trade on this multilingual program efficiently and with ease.
- Ups:
- - A Customer Support Service - Pleasant Interface - Fast Download - Beginner Friendly
- Downs:
- - High Minimum Deposit - Confusing Options
- The Short Version:
- This platform is outstanding. It's exact, simple and pleasant. It's also a good way to make some cash. Try it out - you just might like it!
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