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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 ?
The envelope should alert your clients and prospects to something in the direct mail package they can use, such as an offer for a free service or seminar.
Direct mail recipients are more likely to read and respond to messages received through the mail than they are to other forms of paid advertising because there is generally less advertising clutter in direct mail.
Most plan participants would be wise to take advantage of the requirement that plans offer direct rollovers.
Capital gains of $2 billion associated with foreign direct investment in the United States lowered the surplus to $8 billion when net capital gains are included.
These regulations have a direct effect on the financial statements of a state or local government unit because they have a direct effect on the amount of revenue recognized on the entity's investments and the amount of the liability owed to the federal government.

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