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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 classic literature ?
A glance in the direction toward which he was looking was sufficient to apprise me of his aims and at the same time to fill me with the dread of dire apprehension, for, streaming in from all directions across the meadow, from out of the forest, and from the far distance of the flat land across the river, I could see converging upon us a hundred different lines of wildly leaping creatures such as we were now engaged with, and with them some strange new monsters which ran with great swiftness, now erect and now upon all fours.
Nor could I hope to escape the lightning-like movements or hide from those myriad facet eyes which covered three-fourths of the hideous head, permitting the creature to see in all directions at one and the same time.
Instead he grasped his friend's arm and hastened him forward in the direction of the cabin.
In aggravated cases, that is when the obstructions are many, or of such a nature as to deflect the bow more than forty-five degrees in any direction, or when the craft has reached its destination and dropped to within a hundred yards of the ground, the mechanism brings her to a full stop, at the same time sounding a loud alarm which will instantly awaken the pilot.
It continued to move in the same direction it had been going.
As I looked, the ape-things broke in all directions toward the surrounding hills, and then I distinguished the real cause of their perturbation.
Moving a considerable distance from the prospector that the needle might not be influenced by its great bulk of iron and steel I turned the delicate instrument about in every direction.
Silently she rolled over in the direction of the nearest tree, and away from the lion, until she lay again in the same position in which Numa had left her, but a few feet farther from him.
What I meant was that it was useless to attempt to reach either of the places where we know that there is food and water in abundance, so we must strike out in a new direction.
However, if Rokoff had not returned to the river, in what direction had he proceeded?
You will pardon me, Gahan, if I leave you abruptly--I am arranging to send ships in search of her;" but Gahan, Jed of Gathol, was already speeding in the direction of the palace gate.
By chance his direction was toward the camp, and this fact so relieved the girl's mind that presently she was far from loath to remain quietly in his arms.

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