What is annuit coeptis?

"Annuit Coeptis" is a Latin phrase meaning "He has favored our undertakings." It is found on the reverse side of the Great Seal of the United States and is also inscribed on the back of the one-dollar bill. The phrase is often interpreted as a reference to divine providence or God's blessing on the founding and continued success of the United States. It is also used as a motto by some organizations and institutions to signify approval or support for their endeavors.