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Direct

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 ?
- "Waiting for A Miracle" Directed by Rasoul Sadrameli, Produced by Seyed Kamal Tabatabayi
"First Person Plural," directed by Deann Borshay, about a Korean girl, her adoption by white parents and her subsequent search for her blood parents.
continues to be performed around the country--and the world Next: Short film Clowns (written and directed by Bruce Mason) debuted at Slamdance; guested on new Touched by an Angel episode Out in action: Onetime spokesman for HRC; current spokesman for the Trevor Line, a toll-free help line for troubled gay and lesbian youth
Like It Is (U.K., 1997, directed by Paul Oremland).
'Pinay Beauty' (directed by Jay Abello, Quantum Films and Epic Media)
The Chief Minister directed the DC Nowshera to prepare necessary documentations for the transfer of available land to KP TEVTA for the construction of building for vocational training center women Nowshera.
Children's animation directed by Liliana Romero, Norman Ruiz
* "Flame & Citron," directed by Ole Christian Madsen
The conversion to "cleaner" blowing agents in the polyurethane foam business is largely done, and now much effort is being directed toward optimizing formulations to deliver better foams that are also easier to process and lower in cost.
1 Some Like It Hot, 1959, directed by Billy Wilder (United States) After witnessing a gangland murder in Chicago, two musicians tuck their privates and join an all-girl band headed to pre-Versace Miami.
Teachers are directed to use different correction procedures to correct various categories of reading errors.
Questions should be directed to Public Affairs, Mail Stop 58, Board of Governors of the Federal Reserve System, Washington, DC 20551 (phone: 202-452-3204).