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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.
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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 ?
Having achieved the ability to obtain direct reimbursement under an individual Medicare provider number, future APRN reimbursement issues now generally parallel those of physicians.
Direct reimbursement is a self-funded plan that works much like an expense account.
From the employee's perspective, this system works more like an insurance plan than direct reimbursement. The employee undergoing a rather expensive procedure, for example, would mostly likely pay only the co-payment up front, and the insurance company would process the claim and cover the remaining part of the bill.
The Rural Nursing Inclusion Act of 1990 provided that NPs and CNSs in rural communities could receive direct reimbursement under Medicare along with the Federal Employment Health Benefits Plan (FEHBP) including third party reimbursement.
ADVANCED PRACTICE nurses (APNs) including nurse practitioners, nurse midwives, clinical nurse specialists, and nurse anesthetists report that one of the barriers to their services is the difficulty in receiving direct reimbursement (Anderson, Gilliss, & Yoder, 1996; Iris, 1999).
This period represents a dynamic time for the Medicare program, beginning with the increase in the annual cap on outpatient mental health services from $500 to $900 in 1988 and to $2,200 in 1989, and culminating with the elimination of the limit and extension of direct reimbursement to clinical psychologists and social workers in 1990.
Advanced practice nurses should champion this initial step since it supports their ultimate goal of direct reimbursement as primary care providers.
In 1997, direct reimbursement to NPs regardless of geographic area of practice, was authorized by Congress.

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