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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
It was not long ago that property owners faced the same crossroads with direct billing for electricity.
Jim Slattery (D-Kan.) have introduced similar proposals that would mandate universal direct billing.
By May, Latifa Hospital will introduce direct billing, by June all DHA-run primary health care centres, by September the entire Rashid Hospital and by October Dubai Hospital will start direct billing.
So far nearly 75 per cent of Dubai residents who have received mandatory health cover can expect direct billing at the trauma care centre.
CAP has pointed out that allowing direct billing is not intended to profit pathologists, but is intended to facilitate lab arrangements with small and rural hospitals where it doesn't make economic sense for the hospital to provide its own anatomic pathology services.
Hub-based mobile communication solutions provider MACH announced on Monday that its Direct Billing Gateway has been launched across the four main German mobile networks, enabling direct operator billing for more than 80m mobile subscribers.
The toll-free Avonex Support Line provides counseling on insurance reimbursement, information about distribution options that offer direct billing or "assignment of benefits", and some assistance for low-income uninsured people who could benefit from this medication.