Full Faith And Credit Bond

From Open Risk Manual

Definition

Full Faith And Credit Bond. Bond secured by an unconditional promise to pay by another entity

Full faith and credit bonds are typically backed by a government entity and are considered low risk.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.