full faith and credit

American  

noun

1. the obligation under Article IV of the U.S. Constitution for each state to recognize the public acts, records, and judicial proceedings of every other state.

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Example Sentences

The best annuity you can get is Social Security, which is backed by the full faith and credit of the United States government and which adjusts payments every year to match the official inflation rate.

From MarketWatch

Moody’s said the Aa2 rating on the city’s general obligation bonds is the same as New York City’s issuer rating given the “city’s full faith and credit pledge to pay the bonds.”

From Barron's

Treasury bills, bonds or notes, though those are backed “by the full faith and credit of the U.S. government,” according to the FDIC.

From MarketWatch

Given that the "full faith and credit of the US Treasury" underpins the entire global financial system, that would make the great financial crisis look like a picnic.

From BBC

"I am concerned that mismanagement of these payment systems could threaten the full faith and credit of the United States," he wrote.

From BBC