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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 ?
* Advocate P M Mishra - direct sales and financial regulatory issues
APC governors are said to maintain a common position against the use of direct primary while others including Senators want it.
Simply visit the Jewelers Direct contest site at click on the "Join Jewelers Direct" link, and submit your request to join Jewelers Direct.
Our mission is to help clients grow their revenue by leveraging the latest technology and techniques in direct mail marketing.
An employee said staff had been sent a list of vacancies at other Sports Direct outlets if they wished to transfer, but as the nearest was in Nottingham it was likely all the staff would face redundancy.
(2.) Includes changes in coverage, capital gains and losses of direct
Wi-Fi Direct creates a much more powerful Wi-Fi solution, as it enables the premier wireless networking standard to add peer-to-peer capability, with no need for a Wi-Fi access point.
Go Direct encourages those who already have a bank account to sign up for direct deposit.
When Mark Morris directs a new production of Gluck's Orfeo ed Euridice at the Metropolitan Opera this May, it will herald a milestone.
As noted, the agent contended the costs incurred by the taxpayer's engineering department were not service costs, but direct labor costs.
"The increase in direct medical services and the emergency funds are a step forward, but they are just a short-term fix to a much larger problem," said National Legislative Director Joseph A.

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