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Furthermore, the Supreme Court repeatedly has interpreted the Full Faith and Credit clause to allow Congress to limit the effect of state laws on other states.
DEFINITION of 'Fully Funded Documentary Letter Of Credit-FFDLC'. A written promise of payment provided by a buyer to a seller that is guaranteed to clear by a particular bank.Once an FFDLC document is presented by the seller to the involved bank, the bank is obliged to remit full payment to the seller.The seller may be required to fulfill certain conditions, such as providing proof of shipment of the goods sold to the buyer, before collecting payment from the bank.nce an FFDLC document is presented by the seller to the involved bank, the bank is obliged to remit full payment to the seller. The seller may be required to fulfill certain conditions, such as providing proof of shipment of the goods sold to the buyer, before collecting payment from the bank.