Implicit Full Faith And Credit Bond
From Open Risk Manual
Definition
Implicit Full Faith And Credit Bond. Bond issued by a government sponsored agency or corporation rather than by the government directly
It doesn't carry an explicit full faith and credit guarantee but the market believes the government wouldn't let it default or fail.
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.