direct

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Direct

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 ?
She was pondering, in the meanwhile, upon the possibility, without seeming very rude, of making her escape from Jane Fairfax's letter, and had almost resolved on hurrying away directly under some slight excuse, when Miss Bates turned to her again and seized her attention.
Dixon has persuaded her father and mother to come over and see her directly.
Suddenly a towering wall of white rose directly in our path, and though I threw the helm hard over, and reversed our engine, I was too late to avoid collision.
Whatever the creature was that had seized him, it apparently had a well-defined purpose in mind, for it walked directly toward the edge of the roof so that it was soon apparent to Tarzan that he was to be hurled to the pavement below--a most efficacious manner of disposing of an intruder.
But firing is infectious - and see how rapidly he moves, with never a pause except as he whirls his horse about to take a new direction, never directly backward toward us, never directly forward toward his executioners.
It has rendered you so fickle, and so given to change, that your inconstancy has passed into a proverb; for you no sooner set up an idol firmly, than you are sure to pull it down and dash it into fragments: and this, because directly you reward a benefactor, or a public servant, you distrust him, merely because he is rewarded; and immediately apply yourselves to find out, either that you have been too bountiful in your acknowledgments, or he remiss in his deserts.

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