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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 ?
With the launch of a direct flight to Tripura, the people travelling to the northeast have a reason to cheer about.
Early in June, Direct flights between Iran and Tajikistan were resumed officially, with Iranian airliner Varesh's flight from the holy city of Mashhad, in Northeastern Iran, to Tajik capital city of Dushanbe.
The launch of direct flights is a very important tool for the implementation of all this," said the ambassador.
Direct flights between Cambodia and Indonesia officially began on Friday, and the Kingdom expects to attract more tourists from the world's largest Islamic country.
Direct flights to the airline's 53rd destination commenced from 31 May, 2019, officials revealed.
Given the significant business links - Jaguar Land Rover, JCB, Rolls Royce, Bharat Forge, Pattonair and Bombardier to name a few - between the Midlands and India, and the strength of the diaspora, there is strong demand for a direct flight between Birmingham and Mumbai.
Davao is the fourth Philippine city where Xiamen Airlines operates direct flights, after Manila, Cebu and Kalibo.
Xiamen Air would thus become the first mainland Chinese carrier to put up a direct flight between this city and a mainland China destination.
This will adversely affect people looking to fly to these destinations as they might have to pay more money for direct flight tickets, as other airlines responded to the decrease in competition by inflating their own fares.
She believes the direct flight will benefit both Indonesian and Mindanawon travelers, most especially businessmen and students.
'I'm happy to see that apart from the direct flight between Davao and Hong Kong, which opened on Oct.

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