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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 ?
This produces cost savings from reduced consumption of Direct Access Storage Devices (DASD) and Central Processing Unit (CPU) resources.
Support for large files, including software RAID for combining direct access storage devices.
The company will also deliver technology refresh on items ranging from mainframes to PC servers, tape silo subsystems, direct access storage devices and Unix servers.

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