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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 ?
Dead Birds'' (Peabody Museum, 1964); directed by Robert Gardner.
From the Manger to the Cross'' (Kalem, 1912); directed by Sidney Olcott.
juror's memoirs, but a psychological thriller directed by Brian Gibson about a single mother (Demi Moore) who serves on the trial of a powerful mobster.
Directed Electronics is the world's largest vehicle security and remote start company, makers of Viper and Clifford as well as prominent audio and video brands such as Definitive Technology, Orion, Precision Power, a/d/s/ and Directed Video.
DEPS was founded in 1999 to foster research and development of Directed Energy technology for national defense and civil applications through professional communication and education.
This year's top 40 report shows that of the 865 total episodes in 2003-2004, Caucasian males directed 741 (86%); women directed 60 (7%); African Americans, 49 (6%); Latinos, 16 (2%); and Asian Americans directed only 10 episodes (1%).
Anna and the King" starring Chow Yun-Fat and Bai Ling - 20th Century Fox "Romeo Must Die" starring Jet Li - Warner Brothers "Shanghai Noon" starring Lucy Liu and Jackie Chan - Touchstone Pictures "The Sixth Sense" directed by M.
Over a 16 year career at AT&T , Kraft held a variety of increasingly responsible sales positions, and in his most recent role was a General Manager where he directed the efforts of a $65 million sales organization with a staff of 70.
11/13: Billy's Holiday - Directed by Richard Wherrett.