Full Faith and Credit Pledge legal definition of Full Faith and Credit Pledge
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full faith and credit
n. the provision in Article IV, Section 1 of the U. S. Constitution which states: "Full faith and credit shall be given in each State to the public acts, records and judicial proceedings of every other state." Thus, a judgment in a lawsuit or a criminal conviction rendered in one state shall be recognized and enforced in any other state, so long as the original judgment was reached by due process of law. Each state has a process for obtaining an enforceable judgment based on a "foreign" (out-of-state) judgment.
References in periodicals archive
The GOULT pledge for Michigan school districts carries the full faith and credit pledge
of the school district, and has a separate dedicated debt service levy, through collection of ad valorem taxes on all taxable property.
The commonwealth's Aa1 general obligation rating is based on its full faith and credit pledge
, reflecting its strong financial management practices and demonstrated willingness to balance its budget through spending cuts, revenue increases and use of reserves.