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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 ?
Generally, there are set standards for the maximum roughness allowed for surfaces which come in direct contact with product.
Direct contact with the Syrian regime is still a highly contentious issue in Lebanon.
Caption: Cable Radar technology equips the SonoVario-Xtrem for direct contact with sand, gravel and stone from bins.
This study was conducted to estimate the prevalence of Hepatitis C Virus infection among house hold and direct contact personals diagnosed with anti HCV antibody in and around Lahore Metropolitan.
Ebola doesn't spread through the air like flu or measles, it's a virus that spreads by direct contact. You can only catch Ebola from a person who is ill.
"Housing your birds is the most effective way to minimise direct contact and potential contamination from wild birds.
Even funerals of Ebola victims can be a risk, if mourners have direct contact with the body of the deceased.
Chukwu said Friday in Abuja, Nigeria's capital, that the two new cases are spouses of patients who had direct contact with Liberian-American Patrick Sawyer, who flew into the country last month with the virus and infected 11 others before he died.
As a result of the counter-measures, 102 contact persons were detected, 19 of them are medical workers who were in direct contact with the deceased patient.
COMMUNITY Click, the online web chat which has proved successful in bringing the police into direct contact with the community, will be available to the residents of Redcar and Cleveland on Wednesday.
Agents become involved, but we have not had any direct contact with Cardiff City."
THE BBC has said it will make direct contact with police to provide full support over the "disturbing allegations" made about abuse involving Sir Jimmy Savile.

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