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Informal for a debt security issued by the United States government, as opposed to one of its agencies. Perhaps the most prominent example of a direct security is a U.S. Treasury security. Direct securities are considered risk-free because they are guaranteed by the full faith and credit of the United States government.

direct (federal) government obligation

A debt that is backed by the full taxing power of the U.S. government. Direct obligations include Treasury bills, Treasury bonds, and U.S. savings bonds. These investments are generally considered to be of the very highest quality. See also federal agency security.
References in periodicals archive ?
Direct Gold is a specially-designed holiday programme for the over 55s and will start operating next winter at selected properties in Malta, the Costa Blanca and the Algarve.
Instead of making a direct gold purchase from the IMF like India, China might try to quietly accumulate this gold in the open market, in an effort to prevent a panic and protect the value of their remaining dollar-denominated assets.
The agency has received many prestigious creative awards, including Campaign Direct Gold, D&AD Silver and Cannes Bronze for the Metropolitan Police Service, and Campaign Gold (most outstanding radio commercial of the year) for Travelocity.