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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.
The Hitch-Hiker'' (Filmmakers/RKO, 1953); directed by Ida Lupino.
11/23: Resident Alien: Quentin Crisp in America - Directed by Jonathan Nossiter.
12/25: Thieves (Les Voleurs) - Directed by Andre Techine.
The Baby Carriage" (Wozek)(1985) Directed by Ewa Walewska.
Orange Alternative" (Pomaranczowa alternatywa)(1988) Directed by Miroslaw Dembinski.
An adventure drama set in 1961, directed by Ridley Scott ("Alien," "Thelma & Louise").
According to Directed Electronics President and CEO Jim Minarik: "Due to their worldwide popularity, we expect West Coast Customs audio and video products will become an international best seller.
The single exception is in the hiring of African American directors, which has increased from 3% (2000-01 season) to 6% (2003-04 season) of total episodes directed, in a minimal but steady 1% increase per year over the course of four years.
Best Independent Feature Films released by independent studios directed by or featuring an Asian or Asian American in a lead role: